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The European Union (EU) budget is about one percent of the Gross Domestic Product (GDP) of all Member States amounting to about €240 per annum, per citizen. The EU budget redistributes more than €150 billion annually. These funds are directed towards agriculture and regional policy, which operate to...

While Europe holds its breath and follows the negotiations between Greece and its partners on the financial assistance, another ´piece in the puzzle` of the European attempts to contain the sovereign debt crisis has prominently featured in the press recently. The Court of Justice (CJEU) delivered...

An older post, but still up-to-date.

The long-debated exit of Greece from the Eurozone as a consequence of the current financial crisis has re-emerged in January 2015 when German finance minister Schäuble indicated that a so-called ‘Grexit’ would be a scenario no longer unimaginable for the other...