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EU enlargement rounds have always been driven by political will of the parties concerned and administered through a comprehensive legal-bureaucratic procedure. There is strong political determination to carry on the accession process involving Western Balkan countries as well as Ukraine, Georgia...
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While it is too early to confirm the depth and the sustainability of this new trend towards slower globalisation, it may be happening in more domains than we are fully aware of, at least for the near term given the renewed backdrop of the Russia-Ukraine war and the wider use of sanctions globally.
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There are many reasons to reform the Stability and Growth Pact, but that reform is no panacea. This is because the euro area periphery has increasingly entered a debt conundrum.
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There is thus a fundamental credibility issue about the willingness of the ECB to be a lender of last resort in the …
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The present cocktail of a bleak economic outlook combined with high inflation and rising interest rates has raised questions as to whether a new euro debt crisis might emerge. Euro area sovereign spreads have widened, but not to "unwarranted" levels, unlike the situation that prevailed during...
Persistent link: https://www.econbiz.de/10013468420
The article analyses the factors affecting the preparation of the post-2027 EU budget framework by examining the characteristics of the European Union's budget and the changes that took place between 2021 and 2027. The article draws lessons from the Multiannual Financial Framework and the...
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