Cooperation Mechanisms within the Administrative Framework of European Financial Supervision

2019 ◽  
Author(s):  
Ann-Katrin Wolff
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Multilevel Governance ◽  
Financial Supervision ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Future ◽  
Administrative Framework ◽  
Administrative Systems

In response to the European financial crisis, the European Union and its Member States have implemented administrative cooperation mechanisms in the field of European financial supervision to ensure the uniform and coherent application of European supervisory law within the European Union’s composite administration bodies. On the basis of three quintessential areas of supervisory law, namely the acquisition of information, and preventive and corrective supervisory measures, this book analyses the mechanisms created with regard to their legally binding character and the possibility of them influencing European and EU Member States’ supervisory authorities. Furthermore, its author identifies the structures of effective cooperation mechanisms in multilevel administrative systems. The study thus contributes to the systematisation and a better understanding of European multilevel governance and identifies important parameters for reorganising administrative cooperation in European supervisory law in the future.

scholarly journals "Core-Periphery" in the European Union – An Economic Perspective

2020 ◽  
Vol 28 (2) ◽  
pp. 146-154
Author(s):  
Ines Kersan-Škabić
Keyword(s):  
European Union ◽  
Future Development ◽  
Economic Indicators ◽  
The European Union ◽  
Economic Perspective ◽  
Member States ◽  
Eu Member States ◽  
The Core ◽  
The Future ◽  
The Eu

The heterogeneity of economic performances in the EU member states is one of the main reasons for the existence of a “core-periphery” relationship. The goal of this research is to examine various economic indicators to reveal possible divisions between the EU members. This issue emphasized the contribution of rich “core” countries to the imbalances in poorer “peripheral” EU members. By applying cluster methodology and considering the most recent data, two groups of countries were identified, the first comprising 11 countries that form the “centre” or the “core”, and the rest of the EU forming the “periphery”. Considering differences between these countries is necessary and justified for discussions about the future development of the EU that will involve differences between member states.

scholarly journals Enhanced Cooperation, EMU Reforms and Their Implications for Differentiation in the European Union

2017 ◽  
Vol 7 (2) ◽  
pp. 84-106
Author(s):  
Tomasz Kubin
Keyword(s):  
European Union ◽  
Maastricht Treaty ◽  
Theoretical Framework ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Future ◽  
Differentiated Integration ◽  
Treaty Of Amsterdam ◽  
The Eu

Abstract Initially, before the entry into force of the Maastricht Treaty, differences in integration between members of the European Communities (EC; later the European Union) were relatively few and usually temporary in nature. The Schengen Agreement, the Maastricht Treaty and the Treaty of Amsterdam, and the possibility of establishing enhanced cooperation meant that the problem was becoming more and more important in the functioning of the EU—both in theory and in practice. The objective of the paper is to show that for several years, along with the stagnation in the deepening of integration between all the EU Member States, differentiation of integration in the EU is progressing very rapidly. The progressing differentiation in the EU is a consequence of mainly two processes: the development of enhanced cooperation and reforms in the eurozone, which are strengthened by the widening of the EU. The article covers the issue of the categorization of differentiation of European Union integration, which constitutes the theoretical framework for further considerations. Specified processes which contribute to increasing the differentiation of the EU are discussed, showing the development of enhanced cooperation in the EU and presenting the reforms of the eurozone. The article concludes with the identification and the consequences of differentiated integration, both those that have already occurred and those that may occur in the future.

scholarly journals EU Refugee Crisis: A Stumbling Block to the Process of European Integration?

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Dionysios Stivas
Keyword(s):  
European Union ◽  
European Integration ◽  
Refugee Crisis ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Eu Integration ◽  
The Future ◽  
The Eu

Currently, the European Union (EU) is dealing with an unprecedented refugee crisis which has been blamed for bringing the process of the EU integration to an impasse. By applying theories of European (dis)integration, this paper assesses the extent to which the current refugee crisis constitutes an impediment to the future of the European Union. This paper’s analysis is constructed around two hypotheses: (1) the refugee crisis triggered Brexit and the failure of the EU’s relocation scheme, symptoms of the EU’s disintegration; (2) the refugee crisis has a dual potential: to simultaneously promote the deeper integration and the disintegration of the EU. To test these hypotheses, this paper examines if and how the refugee crisis is related to Brexit and whether the rebellious reaction of certain EU member states to the implementation of the EU relocation scheme is a sign of reversal in the process of EU integration.

CONDITIONS FOR THE DEVELOPMENT AND IMPACT OF ARTIFICIAL INTELLIGENCE ON WORK AND OTHER CERTAIN LEGAL SOCIAL, TECHNOLOGICAL AND ECONOMIC ISSUES IN THE EUROPEAN UNION

2021 ◽  
Vol specjalny (XXI) ◽  
pp. 113-127
Author(s):  
Andrzej Świątkowski
Keyword(s):  
Artificial Intelligence ◽  
European Union ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Future ◽  
The Usa ◽  
European Values ◽  
Electronic Technologies ◽  
The Eu

The European Union is in the initial phase of managing the conditions for the growth of artificial intelligence. Assuming that the above-mentioned electronic technology of the future should be trustworthy, guarantee the safety of its users and develop under human leadership, the Union should be able to convince the Member States of the necessary need for all interested parties to apply modern electronic technologies in practice while respecting European values, principles and human rights. The above common goal, extremely important for the future of European societies, and a uniform unified strategy for achieving it, binds the EU Member States. The above statement applies to all EU Member States, including those with above-average ambitions to become European leaders in the use of artificial intelligence for economic and social development. Considering that the European Union is competing with the USA and China, it is justified to ask whether the strategy of the development and use of artificial intelligence intended by the European Union will enable the achievement of the above goal?

Political aspects of security of the European Union Member States

2020 ◽  
pp. 97-105
Author(s):  
Aleksandra Kusztykiewicz-Fedurek
Keyword(s):  
European Union ◽  
Negative Impact ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
Political Security ◽  
New Institutions ◽  
The Stability ◽  
Key Aspects ◽  
The Eu

Political security is very often considered through the prism of individual states. In the scholar literature in-depth analyses of this kind of security are rarely encountered in the context of international entities that these countries integrate. The purpose of this article is to draw attention to key aspects of political security in the European Union (EU) Member States. The EU as a supranational organisation, gathering Member States first, ensures the stability of the EU as a whole, and secondly, it ensures that Member States respect common values and principles. Additionally, the EU institutions focus on ensuring the proper functioning of the Eurozone (also called officially “euro area” in EU regulations). Actions that may have a negative impact on the level of the EU’s political security include the boycott of establishing new institutions conducive to the peaceful coexistence and development of states. These threats seem to have a significant impact on the situation in the EU in the face of the proposed (and not accepted by Member States not belonging to the Eurogroup) Eurozone reforms concerning, inter alia, appointment of the Minister of Economy and Finance and the creation of a new institution - the European Monetary Fund.

scholarly journals European Regional Inequalities: The Other Face of Development

2017 ◽  
Vol 9 (4) ◽  
pp. 163
Author(s):  
Celeste Perrucchini ◽  
Hiroshi Ito
Keyword(s):  
European Union ◽  
Empirical Evidence ◽  
Capita Income ◽  
Relevant Literature ◽  
Point Of View ◽  
The European Union ◽  
Per Capita Income ◽  
Member States ◽  
Eu Member States ◽  
Per Capita

Empirical evidence suggests an overall convergence in terms of GDP and per capita income occurring among the European Union (EU) Member States. Nevertheless, economic inequalities have been increasing at the regional level within European Union countries. Through the review of relevant literature, this study analyzes the increasing inequalities from an economical point of view, focusing on Italy and the UK as examples. First, a general overlook of the empirical evidence of the GDP and per capita income at national and sub-national levels will be presented. Second, an explanation of the possible causes of the results will be proposed through the use of economical and sociological theories. The findings of this research might uncover the relative inefficacy of EU Cohesion policies and point towards the necessity for deeper and more thoughtful measures to continue the convergence of Member States while preserving internal equilibria. This paper ends with discussions for the future directions of the EU.

Adapting the European System of Financial Supervision (ESFS) to the EEA Two-Pillar Structure – A Workable Solution?

2019 ◽  
Vol 16 (5) ◽  
pp. 557-591
Author(s):  
Andri Fannar Bergþórsson
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
National Level ◽  
Financial Supervision ◽  
Member States ◽  
Eu Member States ◽  
European System ◽  
Pillar Structure ◽  
The Global Financial Crisis ◽  
The Eu

In response to the global financial crisis, the European System of Financial Supervision (ESFS) was created in 2010. Supranational bodies were established for different financial sectors to act as supervisors of sorts for national-level supervisors in EU Member States. This article focuses on how the system was adapted to three EFTA States that are not part of the EU but form the internal market along with EU Member States through the EEA Agreement – Iceland, Norway and Lichtenstein (EEA EFTA States). The aim is to clarify how ESFS has been incorporated into the EEA agreement and to discuss whether this a workable solution for the EEA EFTA States that have not transferred their sovereignty by name in the same manner as the EU Member States. One issue is whether the adaptation has gone beyond the limits of the two-pillar structure, as all initiative and work stem from the EU supranational bodies and not the EFTA pillar.

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