The European Commission and in general the EU rightly has set specific fiscal limits on the budgets of the member states of the Eurozone through the: 1. Treaty of the European Union, Feb. 1992, widely known as the Maastricht Treaty-December, 1991 (Source׃ EU https://europa.eu/eu-law/decision-making/treaties/pdf/treaty_on_european_union/treaty_on_european_union_el.pdf, 29/7/2015, Brussels_Luxemburg 1992), 2. and the Stability and Growth Pact (November,
The Eurozone economy in recent years has faced the problem of permanent deflation. The deflation is occurred as a result of the low levels of overall demand in the economy. The low levels of global demand in addition to the Eurozone overall demand also characterize the global economy (2019). As a result of these inadequate
After the decision of the referendum in the UK (23/06/2016) as to the non-stay of UK (United Kingdom) in the EU (European Union) and the UK and EU efforts since that date to agree on a “consensual divorce” with the least cost for both sides, are being made very important rearrangements in the geopolitical field.
In order to achieve a balanced development across the Eurozone, there should be a combination of centralized control and management of the available funds for development (the National Strategic Reference Framework (NSRF) documents are the EU funds at national level) by the Commission. At the same time there should be a centrally coordinated management and
The Commission/EU to achieve the full functionality of the single Euro area budget, in addition to its corresponding operating expenditure budget for the Euro area, it will have to draw up a corresponding operating revenue budget for the Euro area. Any policy followed to date by the Commission, where the Commission considers the Euro area’s
