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This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis-which were supported...
Persistent link: https://www.econbiz.de/10011715721
This paper compares financial assistance programs of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis - which were supported...
Persistent link: https://www.econbiz.de/10011635367
Persistent link: https://www.econbiz.de/10015104569
Persistent link: https://www.econbiz.de/10013464725
This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble … final reform package. We show that quite far-reaching reforms of EU fiscal rules are feasible without treaty change as … reconcile with the EU treaties. …
Persistent link: https://www.econbiz.de/10013364517
The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10010331439
European economic integration fascinates and inspires for the way it brought peace to a continent torn by violent and long-standing rivalries. The lessons from Europe, however, cannot be applied directly as the degree of the European Union's supranationality is unthinkable elsewhere. This paper...
Persistent link: https://www.econbiz.de/10010397207
opening, Austria's accession to the EU and its currency union, EU enlargement). With some of these steps occurring in parallel …, its effects have similarly overlapped. Eastern opening since 1989 and Austria's EU membership since 1995 (and its … some 100,000 to 150,000 new jobs. The EU enlargement of 2004 has similarly benefiting Austria more than other EU 15 …
Persistent link: https://www.econbiz.de/10011435199
towards a more centralised fiscal policy at EU/Euro area level within a new EMU economic governance. Besides the improvement …
Persistent link: https://www.econbiz.de/10011435347