Archive for the ‘EU’ Category
The EU interferes with official bank support
EU nterference
Just the other day Obama encouraged the nations all over the world to stabilize the financial system with government loans if neccesary. Now questions are being raised as to wether it is consistent with the rules of the EU to give this kind of support.
Banks in need
It is consistent with the EU rules to give money to banks in need, when the money are given as part of a general rescue or restructoring package. It is then ok to support banks that has suffered losses, but to the loss-suffering is a must. read more aboute the bank support packages all over EU
EU influence on cellphone prices
EU influence
For as long as I can remember cellphone prices, when the phones are used outside the national boarders, have been out of proportions. Prices like 50 US cents per textmessage is not unusual, and doing a little bit of math, everyone can se that texting quickly run up.
The influence
The problem of these high prices has come to the attention of the European Commission, which have now published at law which will force the companies to compete in this market. Until now the great phone companies have avoided competition in this market, but fra january 2009 this is no longer the case. The European Commission will force the max price of text messages down to 15 US cents. read more about the EU influence on cellphone prices here
The inter-market of the EU
The provisions of the free movement
Within the EU-treaty there is a chapter containing the provisions of free movement. Article 28 concerning the free movement of goods, article 39 on free movement of workers, article 43 on the free movement of persons, article 49 on the free movement of services and finally article 58 on the free movement of capital. These are the articles framing the inter-market of the EU.
The purpose of the provisions
The purpose of the treaty is to secure a free and open market within the EU, so that for instance goods can pass boarder within the community, without being met with barrieres from the member states, trying to protect their own produce. read more aboute the provisions of free movemnet here