The problems with national airlines in small peripheral member states indicate that the effects of strict competition policy and state aid rules of the European Union (EU) may not be equally useful for all member states and their citizens. Measures that are considered efficient from the...

The present article revolves around the question of the appropriateness of “the white elephant syndrome” to characterize the nature of the planned trans-Baltic railway project Rail Baltica in terms of its initial financing, long-term profitability and symbolic importance. Whereas in general...

German Abstract: Während der Wirtschaftskrise müssen die Regierungen vor allem das fundamentale Dilemma zwischen der politischen und wirtschaftlichen Rationalität über­winden. In Krisenzeit fällt es der Regierung aber schwer, gleichzeitig nachhaltige Wirtschaft und politische Popularität...

During the global financial crisis in 2008-10 Estonia symbolized a pathway of fiscal consolidation and austerity. Moreover, despite opting for austerity and all the social and political consequences of achieving fiscal consolidation, the governing coalition in Estonia succeeded also in avoiding...