ABSTRACT
A Constitution, at least in a liberal version is a set of laws and procedures aimed at protecting citizens' rights and individuals from the will of Government. A political Constitution should be complementary to the existing economic Constitutions, and consistent with Community Treaties that created a common market and currency union. Some authors think that a 'European Constitution' should be adopted as a basis for the establishment of a future European Federal State. The aspect of the allocation of economic competencies represents one important aspect of the European constitutional debate. In order to explore the possibility of a single European Constitution it is of great help to review the state of the art in the field of governance. Major issues facing the European Union include, among others, the adoption, abandonment or adjustment of the Constitutional Treaty, the future budget and the Union's enlargement.
