scholarly journals Comparison Between Bulgaria and Croatia in their Road Towards ERM II and The Banking Union of the EU

2021 ◽  
Vol 61 (5) ◽  
pp. 263-276

The last ERM II accession before July 2020 was in 2005. After the establishment of the Banking Union of the EU, starting from 2014, there was no enlargement of ERM II by EU Member State that is outside the Euro area. Therefore, the accession on 10 July 2020 of Bulgaria and Croatia to the ERM II on one hand and to the Banking Union on the other hand through the mechanism of the so-called close cooperation with the ECB represents a particular interest. The participation in these two mechanisms is a precondition for the accession to the Euro area and the adoption of the single currency. The comparison between the two countries shows that their path to the ERM II and the Banking Union is quite similar. However, there are also few peculiarities.

2021 ◽  
pp. 161-177
Author(s):  
Ahmet Erdi Öztürk

The power and influence of the Gülen Movement is another factor in the reactions of the case countries, but the main determinant is the response capacities of the countries in question. In this regard, the Bulgarian state seems to have the greatest capacity to respond directly to the problems exported from Turkey. It is a member state of the EU, which could intervene to block some of Turkey’s demands. On the other hand, the Bulgarian authorities are aware that without the Diyanet’s financial support there may be serious issues among the country’s Muslim population. Therefore, it has been trying to frame the issues in a delicate balance.


2021 ◽  
pp. 178-189
Author(s):  
Ahmet Erdi Öztürk

The power and influence of the Gülen Movement is another factor in the reactions of the case countries, but the main determinant is the response capacities of the countries in question. In this regard, the Bulgarian state seems to have the greatest capacity to respond directly to the problems exported from Turkey. It is a member state of the EU, which could intervene to block some of Turkey’s demands. On the other hand, the Bulgarian authorities are aware that without the Diyanet’s financial support there may be serious issues among the country’s Muslim population. Therefore, it has been trying to frame the issues in a delicate balance.


Author(s):  
Agnieszka Smoleńska

AbstractCross-border banking presents a unique set of challenges in the EU from the perspective of arranging administrative oversight structures. Structuring cooperation between different EU and national authorities in a way which is conducive to trust-building and mutual engagement is an essential condition for overcoming disintegrative tendencies in the internal market. To assess how the existing EU arrangements fare in this regard in the context of EU resolution law, this article comparatively analyses the different models of multilevel administrative cooperation in the post-crisis EU framework. These are specifically the centralised model of the European Banking Union (Single Resolution Mechanism) and the relatively looser networked model of the resolution colleges. The multilevel cooperation under both models is nuanced given the distinct roles of the national resolution authorities, EU agencies and the differentiated status of non-euro area Member States in the EBU (Croatia, Bulgaria). The article’s findings allow to identify specific problems of constitutional nature pertaining to the accountability of administrative cooperation, equality of Member States and the implications of Meroni doctrine’s distortive effects.


The article investigates the activities of the Soviet plenipotentiary in Paris in the period of August-October 1927 in connection with the «Rakovsky Incident» - a scandal in the French press that arose after the signing of Ch. Rakovsky in early August 1927 of a statement by the left opposition. Four main areas of activity were identified: contacts with French politicians; cooperation with french press; a new proposal on the Franco-Soviet agreement on debts and credits; interaction with Moscow. The Soviet plenipotentiary in Paris, trying to use all his contacts and acquaintances, tried to get in touch with various French politicians and enlist their support. But the growing campaign of criticism regarding the “Rakovsky case” led to the fact that fewer and fewer politicians contacted him, or only gave empty assurances of support. Even Ch. Rakovsky’s close friend, Anatole de Monzie, behaved extremely indecisively. On the other hand, as recorded in a number of documents, Ch. Rakovsky himself sometimes behaved too self-confidently, ignoring advices. Regarding the press, with the exacerbation of the campaign, the number of newspapers that were ready to cooperate with the Soviet plenipotentiary in Paris decreased. Some of them paid money for it, some printed critical material at the direction of the owners of these newspapers, some followed the dominant trend of criticism of a diplomat. Only the newspaper of the Communist Party - "L'Humanité" - until the end remained loyal to the Soviet plenipotentiary. Ch. Rakovsky laid great hopes on his new proposal for debts and credits. But it was criticized by literally everyone: French politicians, the Paris press, and even their own Soviet government (in close cooperation with which these theses were developed). The leadership of the USSR in the person of I. Stalin spent a lot of effort to discredit Ch. Rakovsky and worsen his situation. This was especially vivid during the period of «Incident». By September 13, official Moscow was silent, and all requests for assistance and proposals for improving the situation were essentially ignored. All of the above was the reason for the very poor efficiency of Ch. Rakovsky’s actions and led to his further departure from France.


Author(s):  
Markus Patberg

This chapter presents an institutional proposal for how citizens could be enabled—in the dual role of European and national citizens—to exercise constituent power in the EU. To explain in abstract terms what an institutional solution would have to involve, it draws on the notion of a sluice system, according to which the particular value of representative bodies consists in their capacity to provide both transmission and filter functions for democratic processes. On this basis, the chapter critically discusses the proposal that the Conference of Parliamentary Committees for Union Affairs of Parliaments of the European Union (COSAC) should transform itself into an inter-parliamentary constitutional assembly. As this model allows constituted powers to continue to operate as the EU’s de facto constituent powers, it cannot be expected to deliver the functions of a sluice system. The chapter goes on to argue that a more convincing solution would be to turn the Convention of Article 48 of the Treaty on European Union into a permanent constitutional assembly composed of two chambers, one elected by EU citizens and the other by member state citizens. The chapter outlines the desirable features of such an assembly and defends the model against a number of possible objections.


2020 ◽  
Vol 22 (4) ◽  
pp. 403-420
Author(s):  
Catherine Jacqueson

Free movement should in theory enable individuals to fight poverty at home by finding employment in another Member State. Yet, free movement is not always that easy and can in practice lead to social dumping in specific sectors where posted workers ultimately push salaries to the bottom. Such a race to the bottom might also arise outside a free movement context when workers are falsely qualified as self-employed thus undercutting wages. This article argues that EU economic law both creates risks of social dumping and remedies them. It calls for a rebalancing of the liberal ethos of the principle of free movement and competition law on the one hand, and the social objectives of the EU, on the other hand. A key question is whether it is possible to redress the balance between the economic and the social from within the internal market logic or whether the social push has to come from outside.


Author(s):  
Shen Wei

Abstract Inconsistency has been said to be one of the most severe shortcomings the existing investor–State dispute settlement (the ISDS) system possesses. Inconsistency, if not cured, is likely to affect the legitimacy of the ISDS. Partly in response to the claims of inconsistency and illegitimacy of the ISDS, the EU has proposed to have a permanent investment court to replace the ISDS while the US proposed to have an appellate body for the current ISDS along with a large camp of undecided states having no firm position on the ISDS reform. China, on the other hand, has not issued an official response to the concept of a permanent investment court, partially because of its less active role in the use of the existing ISDS. More recent years have witnessed China’s increasing involvement in ISDS cases. The purpose of this article is to review these China BIT-related ISDS cases, in particular, the awards on jurisdiction, and the tribunals’ varying techniques in interpreting the ISDS clauses in China’s BITs with a focus on the jurisprudential analyses of these cases and the tribunals’ treaty interpretive techniques. Not surprisingly, the interpretative tendency has been quite uniform. In brief, the tribunals have tended to be more expansive when they were called upon to determine the jurisdictional issues. Although this article is largely jurisprudential, a sense of the tribunals’ arbitral techniques may help shape some foundational underpinnings for China’s policy response to the proposals to reform the ISDS system made by the EU, the US, and others.


2011 ◽  
Vol 49 (No. 2) ◽  
pp. 64-70
Author(s):  
R. Stupka ◽  
M. Šprysl ◽  
M. Pour

The aim of the study was to analyse the formation of pig belly in relation to sex. The analysis included in total 193 slaughter pigs of final hybrids currently used in the Czech Republic. The pigs were slaughtered at the age of 166–175 days. The VIA method according to the methodology of Schwerdtfeger et al. (1993) was used to evaluate the formation of belly and to estimate the percentage of lean meat. The calculation of the lean meat and its proportion in the belly was based on the equation according to Čítek (2002). The belly in total as well as the EU belly in barrows reached the weight of 7.85 kg and 4.35 kg, respectively, and in gilts 7.66 kg and 4.12 kg, respectively. With almost the same weight of dressed carcasses, the belly in barrows accounted for a higher proportion, i.e. 9.96% compared to 9.56% in gilts. In terms of percentage the gilts had a statistically highly significantly higher proportion of meat in the EU belly, namely by 3.32% compared to barrows. At all points of measurement the higher total area of the belly section was found in barrows compared to gilts. A comparison of the percentage proportion of lean meat area in the total belly area at individual points of measurement indicated statistically significantly higher values in gilts than in barrows. It was confirmed that in the section area from point 1 to point 3 the deposition of fat in barrows was higher with the values of the meat area ranging from 58.15% to 56.09%. On the other hand, in gilts the differences between individual sections were very small: 61.25%, 61.99% and 61.49%.  


2019 ◽  
Author(s):  
Hsi-Ping Chen

The German Law on public procurement remedies, implementing the EU Remedies Directives into national law, has to engage in a balancing act between effective legal protection of bidders and the necessary acceleration of the award procedure. The book develops solutions for conflicts between the abovementioned opposing interests, which are consistent with the pluralistic paradigm of the European legal area, and the standards of assessment of the EU primary substantive law on public procurement. The Europeanisation of the German Law on public procurement remedies is analysed in detail. The work deals with the establishment and improvement of effective legal protection of bidders on the one hand and, on the other hand, shows that the acceleration of the award procedure within the framework of the procedural system is bounded by the rule of law. The book carves out strengths and deficits of the German Law on public procurement remedies.


2007 ◽  
Vol 7 (4) ◽  
pp. 1850121 ◽  
Author(s):  
Erdal Atukeren

This paper examines the relationships between the aggregate R&D activities of the EU and the US using multivariate Granger-causality tests. Our estimation results indicate that the EU reacts positively to increases in R&D productivity in the US. On the other hand, R&D activity in the EU is a direct Granger-cause of both R&D and labour productivity in the US, and the effects are negative. It was shown in the literature that the US reacts submissively to successful Japanese R&D. We extend the literature by demonstrating that the US also reacts submissively to increased R&D effort in the EU.


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