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Despite the experience of the ongoing sovereign debt crisis, European banks continue to hold large amounts of bonds from their home governments. This ties the fates of the sovereign and the banks together, leading to the disruptive self-reinforcing feedback loops that brought the euro area to...
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Agriculture is undoubtedly the most important and controversial topic in the ongoing Uruguay Round of the GATT. Can a compromise between the divergent positions of the EC and the USA on agricultural trade be found? Does the Uruguay Round mark a turning point for the EC's Common Agricultural Policy?
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After protracted negotiations, the EC Ministers of Agriculture agreed on a reform of the Common Agricultural Policy on … July 1st. Will this reform solve the fundamental problems plaguing the common agricultural market? Is it compatible with …
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In the past, the protection of agriculture in the EU from exchange rate instability was accomplished at the cost of … confusing regulations, welfare losses and the discrimination of other sectors. Will the 1993 reform of the Agri-Monetary System …
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