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The aim of the article is to describe the institutional and legal aspects of the budgetary procedure: the stages in the decision-making process, the respective powers of the budgetary authority (European Parliament and Council), the issue of the amendments of the budget and the consequences of its rejection. It also looks at how the procedure has evolved in the light of interinstitutional agreements...
The article depicts the role of European Union in the world economy in the light of globalization
processes. It diagnoses many facets of the poor competitiveness of the integrated Europe
such as economic performance, labour productivity as well as R&D input and output. It also
shows some structural shortages of the EU economy, e.g. the European social model and the
way to overcome them in...
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