In the contemporary capitalism model and in relation to the functioning of the economy there is a counterproductive view of the state as an institution. This has led to a reversal of the hierarchy between the state and the private sector, since it subordinates states to markets. Fiscal policy...

Offering an overview of the budgetary situation in the European Union, this study continues an annual series of 'Outlooks' produced by the European Parliamentary Research Service (EPRS) over the past seven years. In seven chapters, the authors of the publication explain and analyse the EU budget...

The European debt crisis triggered a debate on the lacking components of the EU and EMU integration architecture. Many believe that a common currency requires closer fiscal and political integration as a condition for its survival. This opinion is not necessarily supported by the experience of...