While past discussions on EMU tended to emphasise its role in limiting the impact of the global financial crisis on the euro area countries, the focus has now shifted to the destabilising effects threatening the entire euro zone as a consequence of the dire fiscal situation in some weaker member...

There is evidence that a budget consolidation strategy can work with only a small and shortlived negative impact on growth. However, many countries are currently trying to consolidate at the same time as firms and consumers are deleveraging. We develop ten guidelines for consolidation during...

Dalia Grybauskaite, while she was EU Budgetary Commissioner, said that the future financing of the CAP was the "hottest topic" of the budgetary review. The next months will be decisive as regards the financing of the CAP beyond 2013. Net beneficiaries of the CAP and agricultural interest groups...