The global economy is in the middle of the deepest and most widespread post-war recession. U.E. economy is not spared either. The strong increase in the financial crisis in autumn 2008 has led global economic downturn which, in turn, has further weakened the financial sector. Over time, the...

Budgetary funds are used to finance all EU policies the respective budget year. Budget EU. reflected the key stages of European integration. Developments such as the single market, enlargement, developing a global vision on Europe, have required each time, changing pattern of EU spending....