’m making this proposal public at the same time that I send it to the European Parliament and the Member States,” she said. “The new Investment Court System will be composed of fully qualified judges, proceedings will be transparent, and cases will be decided on the basis of clear rules,” First Vice-President Frans Timmermans said. “In addition, the Court will be subject to review by a new Appeal Tribunal [...] an international court is required for TTIP rather than ad hoc arbitral tribunals. The international court should be set up with independent judges who are also remunerated irrespectively of the cases
The Scottish legislation introducing a minimum price per unit of alcohol is contrary to EU law if less restrictive tax measures can be introduced, the European Court of Justice (ECJ) ruled on Wednesday. The ECJ said it considered that “the effect of the Scottish legislation is significantly to restrict the market, and this might be avoided by the introduction of a tax measure designed to increase the price of alcohol instead of a measure imposing a minimum price per unit of alcohol.” The Scottish Parliament in 2012 had passed legislation relating to the minimum price of alcoholic drinks in
The European Court of Justice (ECJ) in Luxembourg will give its final decision this Wednesday on minimum alcohol pricing in Scotland. The Scottish government in 2012 passed a decision to bring in a minimum unit price on alcohol of 50 pence, with the aim of taking control of alcoholism. Last year, Alex Salmond, who was Scottish First Minister at the time, told GQ magazine that Scotland is a “nation of drunks” and that he is “significantly” concerned by the nation’s relationship with alcohol. “’The general reason is the availability of cheap alcohol and the cultural changes that has introduced
overall area, the Financial Times reported. The option of invoking “Article 26” is proposed in a leaked working paper for the interior ministers prepared by Luxembourg, which holds the rotating presidency of the EU. Meanwhile, European Council President Donald Tusk said in an interview with the Guardian and five other European newspapers that “this wave of migrants is too big not to stop them.” See also our cepInput on the empirical and legal aspects of the refugee crisis.
European Council president Donald Tusk has warned vividly against the risk of Greece leaving the eurozone by accident. “We have to prevent such an idiotic scenario,” Tusk said in an interview with [...] stressed. Even if there will occur a state insolvency, an exit of Greece from the eurozone will not happen automatically, Kullas argued. In order for Greece to leave the currency union, the other euro-states, the IMF and the ECB would have to stop funding Athens, he reasoned. “An exit would, thus, require a deliberate decision by the creditors and the Greek government,” Kullas said.
The European Court of Justice (ECJ) has announced that it will publish its judgment on the legality of the European Central Bank's OMT bond purchasing program on June 16. Germany's Constitutional Court had referred the case to the ECJ at the start of last year. The ECJ’s advocate general said some months ago that the OMT program is basically in line with EU rules. “While the advocate general is setting in his opinion some conditions for bond purchases it basically gives the ECB plenty of rope,” says cep legal expert Oliver Sauer. “The main line of reasoning is that the ECB is the expert and should
The ruling by the European Court of Justice demonstrated a “naïve, starry-eyed” trust in the European Central Bank, without setting any real limits on its actions, said Bert Van Roosebeke, who leads financial markets research at the cep. ...read on
... The German court also said on Friday that the European Central Bank might have violated a ban on its funding governments. However, it also said in a statement that it “also considers it possible that if the O.M.T. decision were interpreted restrictively,” it could conform with the law. Reacting to the German court’s announcement, the European Central Bank stood by the program’s legality, saying in a statement: “The E.C.B. reiterates that the O.M.T. program falls within its mandate.” The European Court of Justice in Luxembourg has a reputation for giving forward-leaning federalist rulings that
Germany has filed a lawsuit at the European Court of Justice (ECJ) against the European Commission over the row with the Brussels‘ executive over the country’s renewable energy law (EEG), Germany’s Spiegel Online reported. “Germany is questioning whether the subsidy scheme for renewables under the EEG is correctly qualified by the European Commission as state aid which, in turn, makes it subject to [...] directly out of state coffers.” According to Spiegel Online, the new EU Energy Commissioner Miguel Arias Canete will meet next week the members of the German parliaments’ economics and energy commission in
infringement proceedings whether the treaties have been violated -- if necessary at the European Court of Justice,” Juncker told the paper. [...] upper house of parliament have passed a road toll law in accordance with EU law,” the minister claimed in an interview with German daily Bild (Tuesday edition). There is “no reason at all” for making [...] that the government will be successful in pretending the German road toll system is in line with EU rules. The cep has warned since the start of the road toll debate that allowing German car drivers to