of safeguarding the credibility of the euro before its introduction in 1999, EuropeanUnion (EU) member states committed to a set of rules that forbid them to borrow came on the eve of Commission discussions concerning a handful of reforms to the union‘s budget guidelines, including requiring governments to run budget surpluses
from resuming their fratricidal tendencies by the bonds of the corporatist European Coal and Steel Community, eventually superseded by the EuropeanUnion (EU), the countries no longer contemplate warfare as a means of settling
The agreement comes on the heels of a similar arrangement between Beijing and the EuropeanUnion, and less than a year after the expiration of a decades-old system of textile
brassieres, T-Shirts and other categories of clothing and textiles have amassed at European ports, prohibited from reaching retail outlets by customs officials. The limiting exports to the European marketplace struck in June between China and the EuropeanUnion, a mere six months after the highly distortionary global quota textile regime
reason - to acquire the hard currency lost when Cuba’s benefactor, the Soviet Union, collapsed. Moscow and the Eastern bloc provided subsidies, oil and medicines, that its marriage of convenience with the greenback is no longer necessary since European patronage helps fill the void. This is especially true in the lucrative comprise 75% of the islands 2m annual visitors. Havana’s relations with Europe improved markedly at the end of January when the EuropeanUnion formally
As a precondition to joining the European currency, member states had to abide by quantitative fiscal criteria, Stability and Growth Pact (SGP). According to Article 104 of the 1992 Treaty on EuropeanUnion (Maastricht Treaty) member states are obliged to hold annual budget deficits
anything from skepticism to outright hostility across the Atlantic. Although the EuropeanUnion (EU) is far from forging a common foreign policy, its extensive experience in
in order to receive monetary aid from the International Monetary Fund and EuropeanUnion. In so doing, it continued the de facto monetization of Greek debt by
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.