The recent global financial crisis has had a diverse effect on countries’ fiscal stance, especially throughout the EU. This paper examines the impact of macroeconomic shocks, including those to government revenues and expenditures, on EU countries’ fiscal stance, on aggregate, and within the...

The sovereign debt crisis that deepened within the last three years in particular Eurozone countries makes up one of the major components of the current global economic crisis (2006-2011) which were briefly described in Kibritçioğlu (2011). In this follow-up study, the historical and political...

This paper examines regional convergence in living standards among 264 EU27 regions during1992-2006. The main contribution is the exploratory analysis, which inspects various aspects of regional dynamics such as convergence and divergence, polarization, the role of inter-national component,...

Financial integration is the process that has been occurring in the European Union for many years and that intensified after adoption of the common currency in 1999. This paper discusses the theoretical framework of financial integration, particularly the definition, typology, benefits and...

EPAs between the EU and ACP countries can be viewed as being anti mercantilist and there has been a lot of speculations about their outcome. The aim of the study is to determine the effects of the Economic Partnership Agreements (EPAs) between the European Union (EU) and the Southern African...

The budget of the European Union (EU) is financed by the member states’ own resources and has different types of sources. A tax which represents the percentage of a member state’s Gross National Product into the European Union’s Gross National Product is one the main source for the budget....

The paper analyses the static and dynamic risk of poverty in the enlarged European Union. In the first part of the paper an overview of cross-sectional poverty rates in 25 European Member States (apart from Romania and Bulgaria) using several indexes is presented and assessed. In the second...

The European interventionist policy is much stronger on the regional level than on the level of national states. Each economic activity in Europe’s regions has now its own place on the European market economy. Creating a European market is important due to its size and economic potential. The...

The paper assesses the stabilization effects of the EU import regime for fresh fruit and vegetables based on the entry price system. The analysis is carried out on the EU prices of tomatoes and those of imports from Morocco, the main competing country on the EU domestic markets. It is based on...

In May 2004, the European Union (EU) has experienced the greatest enlargement in its history with the accession of ten new countries from Central and Eastern Europe. Yet Turkey is an associate member of the European Economic Community since 1963 with the Ankara Agreement and a privileged trade...