Budgets have to meet a number of principles in order to fulfil their functions properly. This paper focuses on two of these budget principles. First, it addresses the principle of unity and universalism. More in particular, it discusses the issue of earmarking receipts. It is concluded that most...

This paper looks at the position of Romania in the run-up to European Union membership. It starts by comparing the EU’s 2004 Eastern enlargement with previous enlargements. It ap-pears that the EU became poorer by every single enlargement. The EU’s GDP per capita decreased each time relative...