Bulletin n. 2/2007
October 2007
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Salvemini Maria Teresa
    Fostering Economic Growth through a "European" Debt
    in International Spectator (The) , Vol. XLII, n. 3, July-September ,  2007
    Economic growth in the EU area is one of the European Union's tasks and the Union's budget should be used to finance actions aimed at development. It is hard to imagine that an increase in budget revenues or a significant reduction in spending in other areas can provide the resources for this purpose. The proposal put forward is to allow for debt financing of investment spending and to downgrade the current constitutional status of the rule regarding a balanced budget. A "European" debt, it is suggested, could strengthen the international role of the euro. If such a reform were not to find consensus within the Union as a whole, it could, alternatively, be adopted in the Eurogroup.
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