The first supranational policy in the European Union: Competition policy

1995 ◽  
Vol 28 (2) ◽  
pp. 141-169 ◽  
Author(s):  
LEE McGOWAN ◽  
STEPHEN WILKS
Equilibrium ◽  
2011 ◽  
Vol 6 (3) ◽  
pp. 43-58
Author(s):  
Krzysztof Rutkiewicz

The main subject of the paper is the issue of granting state aid discussed from the point of view of the most important changes in the European Union competition policy as a result of the global financial crisis. The author makes a review of state aid related to the financial crisis in the European Community. The article includes a detailed description of reasons for the economic interventions which has been designed and taken by the Member States in the form of various schemes, plans and objectives. The directions of the main changes in the structure of state aid granted to the financial institutions in absolute and relative terms are shown. It was essential to notice the significant European Commission’s role ensuring that large support schemes for the financial sector will be implemented in compliance with the state aid rules and do not create undue distortions of competition. The paper contains numerous legal materials, including primary and secondary legislation, as well as European case law. The author also relied on the literature and articles on the notified state aid connected with the financial services sector and banking crisis.


Author(s):  
Xavier Vives

This chapter examines the competition policy practice in different jurisdictions, focusing on the European Union, the United Kingdom, the United States, and a number of emerging and developing economies (Brazil, China, India, Mexico, Russia, and southern Mediterranean countries). It begins with a discussion of the concerns of the competition authorities in the European Union and the United Kingdom about the banking sector and proceeds by considering practice in the main competition policy areas that have been active in banking: mergers, cartels and restrictive agreements, and state aid. Among other issues, it reviews the tensions between the prudential and the competition authorities, the recent cases of international cartels on Libor and foreign exchange market, and some landmark cases in the European Union. It also looks at consumer protection, with a new impulse from behavioral ideas, and the convergence in aims between consumer protection and competition policies.


Author(s):  
Lorna Woods ◽  
Philippa Watson ◽  
Marios Costa

This chapter examines the competition policy in the European Union (EU), discusses the social market economics, and describes the structure and objectives of EU competition provisions and policy. It highlights the decentralisation of enforcement of competition policy. The chapter also explores policies on competition with third countries.


Author(s):  
John Peterson ◽  
Alberta Sbragia

This chapter examines some of the most important areas of policy-making in the European Union. It first explains how EU policy-making differs from national policy-making before discussing the most important policies aimed at building the internal market and limiting its potentially negative impact on individuals, society, and the environment. The EU’s ‘market-building’ policies include competition policy, trade policy, and the Economic and Monetary Union (EMU), while ‘market-correcting’ and ‘cushioning’ policies include the common agricultural policy, the cohesion policy, and environmental and social regulation. The chapter shows how these policies are made and also why and how they matter. It also compares policy types in the EU.


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