EU says budget deficits in Greece, Italy could worsen further
In this paper, we test for the stationarity of European Union budget deficits over the period 1971–2006, using a panel of thirteen member countries. Our testing strategy addresses two key concerns with regard to unit root panel data testing, namely (1) the presence of cross-sectional dependenc...
EU Budget Deficits Widen Againdoi:10.1080/05775132.2003.11034196Deficits are necessary for growth, argues this economist. He offers some proposals as to how the EU can get around restrictions on government spending.TheodorePelagidisInformaworldChallenge...
Most recently, the EU’s Covid stimulus package was ranked as the second greenest across the globe by Vivid Economics (2020), only surpassed by Denmark, which itself is an EU country. This policy area has less expert and consultation input and more intergovernmental and parliamentary negotiation...
As things go from bad to worse in the eurozone the putative adults have begun to fight openly in front of the kids. The putative adults, of course, have refused to act like adults for six years and instead have lived in a fantasy world in which austerit
We use a panel-data approach based on SUR systems and Wald tests with country specific bootstrap critical values. Our results show a causal relation from budget deficits to current account deficits for several EU countries: Bulgaria, Czech Republic, Estonia, Finland, France, Italy, Hungary, ...
Point 2: "EU is not one country, it is a union of sovereign states" It is a union of sovereign states which have agreed by Treaty to pool certain aspects of their sovereignty and to vest decision making authority in those areas in the 7 institutions of the EU, including the ECB and ...
Passions of large numbers of people within the EU can be easily inflamed by insensitive decrees from Brussels, or by "unfair" treatment by one country of another. Disputes over budget deficits, overspending, beef, lamb, asylum seekers, chocolate, Iraq and so on are not just superficial. ...
China, as Russia’s largest trading partner, has a significant role in mediating the Russia-Ukraine war. In 2022, China reiterated its stance against any nuclear country unilaterally exercising nuclear warfare. Importantly, China collaborated with Europe during this process. When German Chancellor Olaf...
This is legitimate as the two main sources of the EU budget are proportional to local income. By far the most important part of a country's contribution to the EU budget bases on a uniform rate applied to the gross national income (GNI) of each member state. In 2012, the EU-27 ...