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The European Union (EU) budget is about one percent of the Gross Domestic Product (GDP) of all Member States amounting to about €240 per annum, per citizen. The EU budget redistributes more than €150 billion annually. These funds are directed towards agriculture and regional policy, which operate to...

After months of negotiations between Greece, the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Union (EU), which acuminated in an overwhelming amount of over 60% of “no”-votes by the Greek citizens to the reforms attached to the second Greek bailout programme...

Last week Dutch Prime Minister Mark Rutte went on an economic mission to China, accompanied by a delegation of business people representing Dutch corporations. China’s presence as an economic and political power is increasing steadily. Its economic and financial potential is huge, not only in China...