The European Union’s center-piece of economic policy making is the Lisbon process, which tries to make Europe the most competitive economic region in the world economy by 2010. EU Commission President Jose Manuel Durao Barroso recently presented a Centre for European Reform (CER) study that...

Since its inception, the European Union’s Common Agricultural Policy (CAP) has been discussed controversely. Data from the OECD and the World Bank show that the protectionist effects of the CAP between the 1960s and the 1980s were larger than those of its national predecessors. Moreover, there...