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Officially supported export credits are instruments that governments can use to boost or support their exports, either through insurances, loans or guarantees. Most governments provide this support through Export Credit Agencies (ECAs), the first of which were founded in the 1920s (Stephens, 1999).

In her recent book “The Deficit Myth” star economist Stephanie Kelton tells us why economists should not worry too much about sovereign debt and deficits. But is that the same for lawyers? And are all countries truly treated equally?

In September 2015 for the second time this year, after a first mobilization of more resources in June 2015 already,[1] the European Commission announced additional financial assistance of €801.3 million from the 2015 EU budget to tackle the current refugee crisis in the European Union (EU).[2]

The EU´s budget is complicated. It is complex. And it is critically scrutinised by Member States. It has been the source of political debate and disagreement in the past decades and it still is today. Most recently, the issue was high on the agenda. In late 2014, the European Commission claimed supp...