The aim of this short paper is to discuss the future of the European Monetary Union (EMU) departing from the current financial crisis. In particular, we focus on its effects on the prospects for the EMU integration or disintegration.

In the present paper we focus on the two best organised ancient Greek federations the Achaean and the Aetolian. Both were democratic ones. We analyse their institutional structure, decision making bodies, and finances. Then, we compare them to the present European Union (EU) and point out...

Multilingualism, one of the major problems in the new reality, is considered to be of crucial importance for the European Union, as multilingualism can be identified as the phenomenon leading to the cultural diversity and protects the disappearance of certain languages, mostly regional and...

In Europe, the languages are like water: mobiles and actives, shapeless and elastics, indispensables but without power. Even if they are subject of discussions between different forces, they are not governing the relations between States. So, one can ask himself the following question: our world...

This article is concerned with the evolving free movement rights of Turkish nationals in the European Union (‘EU’). The right to move freely represents one of the fundamental freedoms of the internal market, as well as an essential political element of the package of rights linked to the...

Any discussion on improving the existing arrangements for assessing and managing financial risks and in particular supervising the relevant institutions will also need to address the question on which institution should be responsible for which task and for which sector of the financial system,...

The economic and financial crisis of 2007/2009 has posed unexpected challenges on both the global and the regional level. Besides the US, the EU has been the most severely hit by the current economic crisis. The financial and banking crisis on the one hand and the sovereign debt crisis on the...

Abstract Following their EU15 counterparts, the banking systems of Central and Eastern European (CEE) countries underwent extensive reform since the 1990s. In this paper we estimate the degree of bank market power during the periods of financial reform in each European country, and subsequently...

The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions targets and timetables for Annex I countries. It incorporates emissions trading, joint implementation and the clean development mechanism. Because each of the Articles...

Financial poverty indicators still play an important role in policymaking and evaluation. Countries such as the USA and the EU member states use one or several ‘official’ poverty indicators on which success of poverty reduction policy is regularly monitored. Whereas the US poverty indicator...