The current system for the financing of the EU needs to be reformed. This paper puts forth a reform proposal with two important elements: first, the addition of an EU VAT share on receipts; and second, a shift in power from the European Council to the European Parliament with regard to the...

Despite its political significance the size of the European Union's budget is rather modest: the expenditures make up less than one per cent of the EU's Gross National Income. This article aims to examine the long-term problems linked to the budget. Critical analysis of characteristic features...

In the current negotiations about the European Union’s next medium-term Multiannual Financial Framework (MFF) for the period 2021 to 2027, the system of own resources financing EU expenditures plays a relatively important role.

Das Austrittsabkommen, das die Europäische Union (EU) mit der Regierung des Vereinigten Königreichs (VK) im November 2018 abgeschlossen hat, enthält auch eine Regelung über die gegenseitigen finanziellen Verpflichtungen, die sich aus der Mitgliedschaft des VK in der EU ergeben. Sollte es zu...

For the first time, security and defence will be a separate heading in the next MFF even though Article 41.2 of the Treaty on European Union (TEU) prohibits the use of the EU budget for defence reasons.

With public debt-to-GDP levels now set to surpass post-war records and Italy’s ratio approaching levels reached in Greece on the eve of the country’s debt restructuring in early 2012, fears of a return of the sovereign debt crisis have emerged.