Due to the principle of subsidiarity, European Union law is inherently incomplete. Hence, neither the transposition of the acquis communautaire, nor the law or impetuses coming from Brussels is a panacea to numerous real-life legal, economic or political problems not being focused upon by the...

As a result of the establishment of the Single Supervisory Mechanism, the ECB was vested with significant supervisory tasks in the prudential field. The ECB exercises these tasks with a view to contribute to the safety and soundness of credit institutions and the stability of the financial...

European Banking Union (EBU) provides an important new context in which to examine how differentiation affects integration. This chapter considers: (1) the short to medium term appeal of EBU participation for Member States that do not use the euro (centripetal effects); and (ii) the potential...

The article analyzes the integration of Central and Eastern European (CEE) trade unions in European policy-making. With reference to transnational cooperation in two fields of European-level decision making (issues concerning freedom of services and a European minimum wage), it investigates the...

With twelve new members the decision making in the European Union via intergovernmental cooperation will become ineffective. In order to avoid a Stagno-Europe the EU has a choice: Either it looks for the very essentials in the common institutional frame or the member states agree in ceding...

One of the strongest stylized facts of the transition is also one of the most unexpected: after 1989 Central and Eastern European and Former Soviet Union countries diverged massively. Institutions are a main reason. The EU anchor thesis posits that the prospect of membership in the European...