Five years after the first tremors in Europe's banking system, what makes the crisis unique is the absence of a democratically accountable decision-making framework; there is an 'executive deficit' that compounds Europe's democratic deficit. The author argues that the only way to resolve the...

Abstract: Politische Erfolge und Misserfolge werden in der öffentlichen Debatte oft einzelnen Politikern und deren Kompetenz zugeschrieben. Für die Fiskalpolitik liegt nun eine erste umfassende Untersuchung vor, welche die Relevanz der politischen Entscheidungsträger und ihres persönlichen...

Most of the EU budget is spent on redistribution. Large sums of money are transferred from the member state governments to Brussels and back to these governments. Some member states end up as net receivers and some as net payers. Most economists agree that the resources of the budget should be...