In Brazilian tax law there are perceptible tensions between what can be considered “legal” and what must be treated as “economic”. Some older views remain against the incorporation of economic considerations into legal discourse. More recently legal scholars have suggested that legal...

This background paper describes in detail the assumptions and calculations behind the results presented in Zsolt Darvas, Jean Pisani-Ferry and André Sapir 'A comprehensive approach to the euro-area debt crisis', Bruegel Policy Brief No 2011/02, February 2011. An assessment of the results and...