At the beginning of the 21st century, Europe and Latin America are still seeking the formula that would lend a strategic character to their relationship. Most recently, the Summit in Vienna in May 2006 failed to do so. Both partners reactivated their relations which had never been broken but...

One key objective of tax‐based fiscal consolidations which is too often disregarded in publicdebate is to minimise economic distortions. This paper uses a computable generalequilibrium model to gauge these potential distortions by calculating the marginal cost ofpublic funds (MCF) for EU...

As the worlds largest economy, the United States is also the largest consumer of fossil energy sources and the largest per capita emitter of greenhouse gases. Although the climate and energy policies adopted over the past decade have been insufficient to reverse continued emissions growth, a...