The European Commission Green Paper, among other documents, describes the ongoing integration of the EU maritime policy with respect to financing and finance management. Both the Programme to support the further development of an Integrated Maritime Policy and the European Fisheries Fund are to remain operative until at least the end of 2013. The Commission, however, has proposed to merge those instruments into European Maritime and Fisheries Fund. The article provides description of the integration process and allows for an assessment of its progress.