legal norms First, it is to be asked whether the TEN-T guidelines are legal norms at all and not just political instruments. In principle, the legal quality of an act depends on its content and the procedure [...] a de facto unanimity requirement. This already indicates that TEN-T guidelines must be more than just non-binding measures, but acts with a certain legal effect for the Member States. A further argument
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change objectives. All this justifies undertaking a fundamental review of TEN-T policy rather than just reviewing and possibly updating outline plans and priority projects. While building on the experience
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road transport. In turn, the financing of infrastructure through users (“user-pays-principle“) is just as appropriate as the internalization of external costs through the polluters (“polluter-pays-principle”)
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policy conditionality for the full duration of a Financial Assistance Facility Agreement and not just limited to the period in which Financial Assistance is made available. The conditions attached to
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must not exceed 20% of the investment sum (“Project Bond Guarantee Facility“). - The guarantee is just high enough to ensure a project bond rating of “around A” (“investment-grade level”). - Private
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buildings and infrastructure. Life-time costs of buildings should increasingly be considered rather than just the initial costs, including construction and demolition waste. Better infrastructure planning is
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production processes, avoiding waste and hazardous emissions with instant results (as opposed to "just" comply with environmental legislation). One of the tools is the so called PIUS-check, an auditing
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ty The credit ratings produced by a credit rating agency will be used in all Member States, not just the EU State where it its headquarters are based. In order to guarantee a consistent level of protection
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EVCA 2006 Yearbook, p. 16 EN 13 EN some national experts, however, in markets that are only just starting to develop and need public intervention to boost their growth, smaller “country funds” can [...] limit their growth and specialisation potential. Furthermore, the size of a VC fund is important, not just to build international presence, but also to allow for greater risk taking inside a fund’s portfolio
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frame to the settlement of the securities -- -- 0 -- ++ EN 30 EN standards applicable just to prospectuses. Such a proposal could even create more disruptions and uncertainties when interacting [...] needs. In these cases the issuer will find easier (and cheaper) to produce a prospectus that is just focused on aspects that are essential for the employees (like information [...] employee information document68); finally, the CESR interpretation covers only part of the companies (just non-EU listed companies) and does not cover the European employees of non-listed companies and of
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