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The periodically returning debates and the disappointing bargaining on the financial perspectives for 2007-2013 have led to the proposal of a comprehensive review of the EU budget in 2008/2009. This provides an opportunity for initiating fundamental reforms of the revenue side of the EU budget....
Persistent link: https://www.econbiz.de/10012100081
The order and modalities of cross-member state redistribution as well as the net financial position of the member states are one of the most widely discussed aspects of European integration. The paper addresses selected issues in the current debate on the EU budget for the period 2007 to 2013...
Persistent link: https://www.econbiz.de/10012100053
The aim of this study is to analyse the state of the competitiveness of seven Western Balkan economies and to suggest … persistent current account deficit of about 10% of GDP which indicates their substantial lack of competitiveness. Also their … is not available as a tool to foster competitiveness. An alternative option would be to support social partnership and a …
Persistent link: https://www.econbiz.de/10012100147
The aim of this study is to analyse the state of the competitiveness of seven Western Balkan economies and to suggest … persistent current account deficit of about 10% of GDP which indicates their substantial lack of competitiveness. Also their … is not available as a tool to foster competitiveness. An alternative option would be to support social partnership and a …
Persistent link: https://www.econbiz.de/10012100196
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011804706
Foreign exchange markets are the biggest financial markets on the globe, the dollar-euro market is the biggest among them with a daily turnover of $1.3 trillion. This market is the interface of the euro bloc and the dollar bloc which use mainly one of the major currencies, comprising 45-60% and...
Persistent link: https://www.econbiz.de/10011565000
Emerging market economies were major beneficiaries of the economic boom before 2007. More recently, they have become victims of the global financial crisis. Their future development depends, to a large extent, on global economic prospects. Today the global economy and the European economy are...
Persistent link: https://www.econbiz.de/10011430853
Over recent years, several euro area countries have registered large and persistent net foreign liabilities. This paper examines the risks arising from these external stock imbalances, the prospects for their smooth unwinding and the menu of policy options. The paper demonstrates that external...
Persistent link: https://www.econbiz.de/10011804701
some countries - which, for whatever reason, have lost or may lose competitiveness - to economic, social and civilizational …
Persistent link: https://www.econbiz.de/10011430886
This paper reviews selected aspects of economic relations between the EU and Russia, focusing on the impact that the last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that if EU enlargement has had any diversion effects on trade...
Persistent link: https://www.econbiz.de/10011606245