Optimal currency area between the EU and accession countries: the status quo

Author(s):  
Jarko Fidrmuc ◽  
Iikka Korhonen
Author(s):  
Catherine E. De Vries

This chapter introduces a benchmark theory of public opinion towards European integration. Rather than relying on generic labels like support or scepticism, the chapter suggests that public opinion towards the EU is both multidimensional and multilevel in nature. People’s attitudes towards Europe are essentially based on a comparison between the benefits of the status quo of membership and those associated with an alternative state, namely one’s country being outside the EU. This comparison is coined the ‘EU differential’. When comparing these benefits, people rely on both their evaluations of the outcomes (policy evaluations) and the system that produces them (regime evaluations). This chapter presents a fine-grained conceptualization of what it means to be an EU supporter or Eurosceptic; it also designs a careful empirical measurement strategy to capture variation, both cross-nationally and over time. The chapter cross-validates these measures against a variety of existing and newly developed data sources.


2017 ◽  
Vol 14 (1) ◽  
pp. 1-36 ◽  
Author(s):  
Gaia Balp

This article outlines potential pros and cons of a future European regulation of proxy advisory firms, as set forth in the Commission’s Proposal for a Directive amending Directive 2007/36/EC. After summarizing criticisms concerning the proxy advisory industry, and findings regarding its de facto influence on investors’ voting conduct both in the US and in the European context, the article adverts to why the power of proxy advisors appears to be overestimated. Uncertainty on the status quo of the industry’s actual impact on key decisions in listed companies, as well as costs associated with a regulation, need to be considered for assessing the suitability of the rules drafted to ensure adequate levels of independence and quality of voting recommendations. While transparency rules may be preferred to stricter legal constraints or requirements in a first stage, possible shortcomings of the Draft Directive exist that may undermine its effectiveness. Analyzing the amendments to the Proposal adopted by the European Parliament, and the Council’s Presidency compromise text, may suggest a preferable approach as regards single rules still making their way through the European legislative process.


2020 ◽  
pp. 137-155
Author(s):  
Frank Schimmelfennig ◽  
Thomas Winzen

This chapter examines negotiations on differentiated disintegration in the case of Brexit. It includes the efforts of the British government to renegotiate its EU membership prior to the referendum in June 2016 and the subsequent negotiations of the Withdrawal Agreement. The chapter shows that the same factors that explain demand for differentiated integration can also explain demand for differentiated disintegration. However, the supply conditions differ fundamentally. In disintegration negotiations, the EU enjoys the superior institutional bargaining power of the status quo-oriented actor, the superior material bargaining power produced by starkly asymmetrical economic interdependence, and the coherence and unity bestowed by supranational procedures and a common interest in preventing and deterring cherry-picking behaviour.


2019 ◽  
Vol 24 (4) ◽  
pp. 711-723
Author(s):  
Michael F Müller

Abstract The modern practice of securities trading has led to almost insurmountable tensions with classical conflict-of-laws doctrine. The Hague Securities Convention set out to provide for a new and uniform solution. In a recent communication from the Commission, the topic has resurfaced on the European agenda. Against this background, this article poses the question of whether the discussion around the Convention can serve as a lesson for the European Union (EU). It is submitted that neither the status quo of EU law is satisfactory nor does the adoption of the Convention offer a fully convincing solution but that the problem should be targeted at its root: the outdated concept of some national substantive laws in intermediated securities.


2010 ◽  
Vol 3 (1) ◽  
pp. 1-39
Author(s):  
Ruth Kelly

In the light of the disparity of bargaining leverage in FTA negotiations between the EU or the U.S. and developing countries, this article presents a legal mechanism to maintain the status quo, that is, the acquis of current trade arrangements. On the basis of the test established in the EC-Tariff Preferences case, it is argued that the Enabling Clause allows for differentiation between developing countries on the basis of their levels of intra-regional trade. A scheme is then constructed which allows the EU and the U.S. to differentiate in favor of current beneficiaries of non-reciprocal trade preference schemes in this way. This allows the EU and the U.S. to maintain the acquis without making radical changes to their trade and development policy. Where the status quo is an option, developing countries involved in FTA negotiations would have a feasible best alternative to a negotiated agreement (BATNA) to replace the current alternative of a significant reduction of market access to the EU or the U.S. While the maintenance of the status quo is up to the industrialized country in question, given that the trade preferences are unilateral in nature, the scheme constructed debunks the myth that there is a legal requirement to replace the current arrangements by reciprocal trade agreements in the absence of a waiver.


2021 ◽  
Vol 9 (3) ◽  
pp. 316-326 ◽  
Author(s):  
Mary Dobbs ◽  
Viviane Gravey ◽  
Ludivine Petetin

The European Green Deal (EGD) is an ambitious strategy. However, significant events, incidents, and demands, from democratic backsliding in the EU to the Covid-19 pandemic, are causing the ground to shift underfoot. These events go beyond ordinary changes or even individual crises, cumulatively fuelling a “new normal” of turbulence for the EU, encompassing rapid, unpredictable changes. This turbulence can help and hinder policy design and implementation, requiring policy actors to think outside the box and beyond the status quo. This article investigates how the European Commission and other key actors can engage effectively <em>with</em> turbulence to ensure the successful delivery and implementation of the EGD. The first half of the article strengthens and adapts turbulent governance literature (Ansell &amp; Trondal, 2018). It delineates how turbulence differs from crisis; expands the forms of turbulence to include horizontal scalar and policy turbulence, as well as its transversal attribute; and shifts the focus to governing <em>with</em> turbulence rather than against<em> </em>turbulence. The second half undertakes an initial analysis of the EGD in light of turbulence and provides a springboard for further investigations within this thematic issue and beyond. It is apparent that the EGD is both responding and contributing to a varied landscape of turbulence. Policy actors must identify and understand the sources of turbulence—including their transversal nature and the potential for responses to increase turbulence—if they are to effectively govern <em>with</em> turbulence.


2019 ◽  
Author(s):  
Theresa Bachmann

How does the EU respond to its proximity to its neighbours? This study’s normative approach to the much-discussed issue of European neighbourhood relations analyses the potential Article 8 of the TEU holds for these special relations. Looking at Article 8 of the TEU as largely detached from the European Neighbourhood Policy (ENP) opens up a new perspective on the political concept of European neighbourhood relations. This norm analysis shows a neighbourhood area that is unique in the system of European external relations.
Within this system, the ENP represents the status quo of neighbourhood relations. Using the Association Agreement with Ukraine as its basis, the study argues that in the current status quo the full potential of Art. 8 of the TEU has not been achieved.


2018 ◽  
Vol 10 (4) ◽  
pp. 614-633 ◽  
Author(s):  
Stefan Kordel ◽  
Stefanie Lutsch

Abstract Return migration recently became of scientific interest on an intra-European scale. As remigrants bring along various forms of capital, this form of migration is frequently considered as an opportunity to revitalize rural communities. Since Romania entered the EU in 2007, a certain number of Transylvanian Saxons, i.e., ethnic Germans, who emigrated to Germany in the 1980s and 1990s, temporarily or permanently returned to rural Romania. By means of qualitative interviews and a quantitative survey among returnees and potential re-emigrants, this study provides empirical insights to the status quo and the potential of this phenomenon. A particular emphasis is given to their everyday practices and implications on the Transylvanian community, mostly aiming at preservation of the cultural heritage.


2021 ◽  
Vol 1 (2) ◽  
pp. 1-18
Author(s):  
Gabrielle Regimbal

This paper argues that Bosnia and Herzegovina (BiH) should not begin the European Union’s accession process, and should instead remain on the ‘potential candidates’ list due to their continuous inability to meet the EU acquis. While some progress was made in 2020 towards meeting this goal, such as moderate candidate victories in the November election (over the reigning populist politicians) and the first elections being held in Mostar in December, BiH has failed to address the root of the issues. By examining the European Commission reports for BiH and researching the historical context surrounding the flawed state institutions, the following conclusion was determined. Due to BiH’s failure to comply with EU accession’s political, legal, and economic requirements, they are unable to be considered for induction, and the status quo should remain. Instead, the EU should foster methods of reconciliation for the three ethnic groups that dominate Bosnian society to help build consensus and foster compromise to fulfill accession requirements.


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