even to maintain its positions and it most likely will not be able to increase its influence. Therefore, we need to react quickly. EFRAG's reform process began in time to allow it to react to the changes [...] is unrealistic to expect current contributors to the IASCF budget to increase their contributions, since – as shown in Figure 2 above – contributions to the IASCF is already struggling to meet its current [...] implementation as (i) EFRAG's reform process need to be speeded up to allow the EU to react to the current changes at international level in relation to IASCF (see specific annex) and (ii) the current financial
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elected for a term of five years. Their appointment is to be subject to the European Parliament’s approval. – In order to be able to react adequately to cross-sector risks, an “overarching steering committee“ [...] European Securities Authority (ESA) are to be established. – These new EU authorities are to constitute bodies with an independent legal personality and each to have their own budget. The presidents [...] (ESCR) is to monitor, as an independent body, any risks to the stability of the financial market in the context of macro-economic developments and trends in the financial sector. – The ESRC is to have meetings
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workers have had the right to take six months of leave from their employer to try to establish their own enterprise and the right to return to their work should their endeavours fail. Thus, potential entrepreneurs [...] needed to be established, according to the Council of Nordic Trade Unions30, to enable European agreements between social partners to become legally binding. A dispute settlement system would have to be [...] actually enhance the ability of employees to handle changes on the labour market, for example by entitling them to take leave in order to study, to test another job or to pursue self-employment options. A good
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prior to the end of the proceedings, lead to contradictory decisions regarding whether or not the alleged claim is justified. It would be better to restrict competency to the court seised as to the substance [...] must provide information as to the accounts to which recovery payments are to be transmitted (Art. 8 (2), Art. 15 (2)). – The creditor can request the competent authority to investigate the bank account(s) [...] Order (official abbreviation “EAPO”) is to enable private creditors to preserve their debtors’ bank accounts throughout the EU. – The EAPO can be used in addition to existing national procedures for recovering
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difficult to quantify but is overall likely to be similar to the impact of option B. Option C is less likely to lead to a reduction of lawyers' fees in existing cases but is equally less likely to entail [...] achieved. According to the current initiative it will possible to proceed to the enforcement without hearing the debtor. It is in many cases vitally important to have this surprise element to prevent the debtor [...] particularly restrictive with respect to the possibility to obtain a preservation order ex parte and it is generally very difficult to convince the judge to waive notice to the debtor. In contrast, in Austria
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sufficient to allow the market to adapt to change. It is not yet possible to specify the products and services which would be covered by such proposal, as an additional impact assessment needs to be carried [...] would be likely to lead to political and administrative action in Member States to change procurement practices. It would lead to increased identification of the real costs of products and to very significant [...] EUAPME – Is opposed to GPP if to lead to additional administrative burdens for SMEs (to provide for instance complex life-cycle calculations or expensive certificates) – Is opposed to inclusion of full
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started to threaten the solvency of several Member States and caused foreign investors to demand risk premiums for government bonds that reforms were introduced to curb debts. However, these came too late [...] competition would be increased. To this end, an effective Stability Pact is preferable to coordinating economic policies. However, this solution is politically rather pointless due to the repeated contract [...] there is no reason to believe that Member States will follow it. Irrespective of that, the Commission’s proposals can be assessed as follows: Guideline 1: The order to Member States to consolidate their
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According to the Commission, the present summary and recast version is to remove any insufficiencies, uncertainties and gaps in the regulatory framework. It further encompasses the removal of barriers to c [...] railway sector to competition and to increase its market share. Parties Affected: All users of railway services, railway undertakings, infrastructure managers and providers of services related to rail traffic [...] body assesses whether the medium to long-term income of the infrastructure manager is enough to achieve the performance targets. Thereupon, it submits a recommendation to the competent authority for railway
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understanding referred to in Article 13(3), and to es- tablish the choice of instruments and the financial terms and conditions, in accordance with Articles 12 to 18; (g) to give a mandate to the European Commission [...] required to avoid a payment shortfall to creditors. Dividends are distributed pro rata to the contribu- tions to the paid-in capital, taking into account the possible acceleration referred to in Article [...] an ESM Member fails to meet the required payment un- der a capital call made pursuant to Article 9(2) or (3), a revised increased capital call shall be made to all ESM Members with a view to ensuring that
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dass für Staatsanleihen risikoadä- quates Eigenkapital zu hinterlegen ist. Zum anderen muss die Too-big-to-fail-Problematik gelöst werden. Die positiven Effekte einer steigenden Liquidität stehen in keinem
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