Suchergebnisse

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely study highlights the main challenges that European political leaders will face in the months to come. Furthermore, its interdisciplinary approach embraces economic, financial and legal perspectives, so as to ensure the global coherence and comprehensiveness of its content. The contributors to this volume are prominent experts from the areas of Economics, Finance, Law, and Political Science, offering readers a multifaceted view of the topics discussed. Nazaré da Costa Cabral holds a license degree (1994), a Masters (1998), and a PhD (2007) in law, from Lisbon Law School (Faculdade de Direito, Universidade de Lisboa), and she holds a license degree in economics (2015), from Nova SBE - School of Business Economics (Universidade Nova de Lisboa).Nazaré is Associate Professor in tenure,in Lisbon Law School. She also lectures in other Universities, either in Portugal or abroad. Nazaré is principal researcher of the Center for European, Economic, Fiscal and Tax Law Research (CIDEFF) of Lisbon Law School (Group IV on 'Crises, Public Policies, Fiscal Policy and the Euro'). She is also a member of the Board of 'Instituto de Direito Económico, Financeiro e Fiscal' (IDEFF), of the same School, in which she also lectures. Nazaré is vice-president of the journal Revista de Finanças Públicas e Direito Fiscal (Public Finances and Tax Law Journal),published by IDEFF and Almedina Editors. She is also a member of the Executive and Editorial Board of the journal Concorrência Regulação(Competition Regulation), published by The Portuguese Competition Authority, IDEFF and Almedina Editors, and a member of the Editorial Board of the journal Economia Segurança Social(Economics Social Security), published by Diário de Bordo Editores.José Renato Gonçalveshas PhD in Law (Law and Economics of European Monetary Union) and is Professor of law and economics at Lisbon University Law School (Faculdade de Direito da Universidade de Lisboa).His teaching and research activities focus on European Union and Integration Law, Economic and Financial Regulation, Development, Regional and Local Law, and Public Finance.Currently, he is member of the board of the Centre for Research in European, Economic, Financial and Tax Law (CIDEEFF), of the board of the European Institute (Instituto Europeu) and of the editorial board of the quarterlyCompetition and Regulation Journal(Revista de Concorrência e Regulação). Nuno Cunha Rodriguesis a Professor at the Faculty of Law, University of Lisbon.He earned his PhD in legal and economic sciences, his master's degree and completed his graduation in law from the Faculty of Law, University of Lisbon.He is also Vice-President of the European Institute and a member of the Board of the IDEFF.He was a visiting Professor at the Law School of Louvain-la-Neuve (Belgium); Salgaocar Law School (Goa - India); International Law Institute (New Delhi - India); Eduardo Mondlane University (Maputo - Mozambique); Fundação Getúlio vargas (São Paolo - Brazil); Catholic University (Lisbon);He has published several articles and books, namely in his area of expertise which lies with EU law, Economic law, Competition Law, Public procurement and Public Finance.He joined the research group on Globalization, Economic Integration and Development: European and Lusophone Perspectives and the group on Crisis, Public Policies, Taxation Policies and the Euro as a member.

AbstractThis article considers whether the creation of a budgetary union in the European EMU (economic and monetary union) is a feasible and suitable way to resolve the current impasse created by the euro crisis. The article begins by identifying the major drawbacks concerning the transposition of prescriptions regarding fiscal federalism to the current E(M)U scenario, with the outlook that this appears to be an extemporaneous solution. It then indicates the alternative conception of an incomplete budgetary union, which is mostly characterized by the setting up of specific insurance mechanisms. These alternative measures are shown to be more realistic and feasible, since they combine path dependency with an innovative appropriation of specific features of the classic federalism model, modifying them to an E(M)U scenario in a heterodox way.

Introduction -- Part I -- Pay-as-you-go Versus Funded Pension Plans: Which Way to Better Address Common Challenges in the EU? -- Old-Age Pension Systems: Characterization and Comparability -- What's New in the Debate About Pay-as-you-go Versus Funded Pensions? -- The Role of the Government in Creating or Enhancing the Access to Funded or Unfunded Pensions in the Modern Welfare State -- The Coverage of Occupational and Personal Pension Plans -- Sustainability and Adequacy of Pension Systems Across the OECD: Shocks, Robustness and Policies -- Part II -- The Capital Markets Union (CMU) and the Future of Pension Plans: Opportunities, Risks and Drawbacks -- The Capital Markets Union: Saving for Retirement and Investing for Growth -- Sustainable Pensions for European Citizens: How to Close the Gap? -- Welfare Gains from a Capital Market Union with Capital-Funded Pensions -- SeLFIES for Portugal: An Innovative Pan European Retirement Solution -- The Pan-European Pension Product and the Capital Markets Union: A Way to Enhance and Complete the Economic and Monetary Union? -- The Final PEPP or How to Kill an Important EU Commission Proposal -- Deepening Financialization Within the EU: Consequences for Pension Regimes -- Part III -- Pension Plans and the European Pillar of Social Rights: A New Scope for the EU Social Policy? -- Pensions at a Crossroad Between Social Rights and Financial Markets: Which Way to Be Chosen? -- From Paris to Lisbon: The Ever-Changing European Social Policy Landscape -- Pension Reforms After the Crisis: Bringing Adequacy Back in the Domestic and EU Policy Equation? -- How to Best Address Pension Adequacy and Financial Sustainability in the Context of Population Ageing: The Labour Market as a Key Determinant -- Pensions in the Fluid EU Society: Challenges for (Migrant) Workers

Intro -- Acknowledgments -- Contents -- Contributors -- List of Figures -- List of Tables -- 1: Introduction -- 1.1 General Observations -- 1.2 The Structure of the Book -- Part I: Brexit's General Effects: The Future of the European Integration Process -- 2: Brexit: Origins and Future Perspectives -- 2.1 Introduction -- 2.2 May and Trump Versus Thatcher and Reagan -- 2.3 The Roots of Brexit and "Trumpism" -- 2.4 Brexit's Economic and Political Rationale and Consequences -- 2.5 Concluding Remarks -- References -- 3: Brexit and the European Union in the Context of Globalization -- References -- 4: Brexit and the Future of the EU: Move Back or Move Forward? -- 4.1 Introduction -- 4.2 The Constitutional Significance of Brexit -- 4.3 European Citizenship -- 4.4 Economic Integration -- 4.5 Mobility of Workers -- 4.6 Financial Markets -- 4.7 The European Social Model -- 4.8 The Euratom Problem -- 4.9 The Praxis of International Trade -- 4.10 Conclusions -- References -- 5: Brexit and the Risk of European Disintegration -- 5.1 A Domestic Issue -- 5.2 Scepticism as a European Pattern -- 5.3 The EU's Reaction to the Referendum -- 5.4 The Difficult Process of Leaving the EU -- 5.5 The European Union at a Crossroads -- 5.6 Conclusion -- References -- 6: A Qualitative Change in the Process of European Integration -- 6.1 Introduction: Why Brexit Means British Exit from the European Union -- 6.2 The UK Voted and Decided to Leave the EU Altogether -- 6.2.1 The UK's Democratic Process to Leave the EU and the Single Market -- 6.2.2 A Closer Look at the 2017 ("Brexit") General Elections and Lessons for the EU -- 6.3 Brexit: Withdrawal from the EU -- 6.4 The UK's Short-Term National Interests Versus the EU Common Good -- 6.4.1 Available Options for a Post-Brexit Trade Relationship