This paper studies the existence of election cycles in public procurement in the European Union for the national level. We analyze different steps along the procurement process, namely the publication of the contract notice, the awarding of the contract, and the project completion. We point out...

The establishment of a sovereign debt restructuring mechanism (SDRM) is one of the important issues in the academic debate on a viable constitution for the European Monetary Union (EMU). Yet the topic seems to be taboo in official reform contributions to the debate. Against this backdrop, the...

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Abstract: Die Kohäsionspolitik wird wie alle anderen Ausgaben des EU-Haushalts zusammen mit der Einnahmeseite in die gegenwärtige umfassende Generalüberprüfung des EU-Finanzsystems einbezogen. Die Studie will zu dieser Überprüfung durch Behandlung einer doppelten und interdependenten...