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Gross National Income

Europe’s Budget Revolution – From Covid-19 Recession to Progressive Reconstruction

By László Andor / 1 December, 2020

The 2020 coronavirus crisis has pushed the European Union to a critical level of innovation regarding its fiscal capacity. The dogma of keeping the EU budget at around one per cent of the Gross National Income (GNI) and balancing it every year evaporated within a space of a few months. […]

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