The New EU Criminal Law Competence in Action: The Proposal for a Directive on Criminal Sanctions for Insider Dealing and Market Manipulation. IES WORKING PAPER 5/2013

The aim of this paper is to analyse the proposed Directive on criminal sanctions for insider dealing and market manipulation (COM(2011)654 final), which represents the first exercise of the European Union competence provided for by Article 83(2) of the Treaty on the Functioning of the European Union. The proposal aims at harmonising the sanctioning regimes provided by the Member States for market abuse, imposing the introduction of criminal sanctions and providing an opportunity to critically reflect on the position taken by the Commission towards the use of criminal law. The paper will discuss briefly the evolution of the EU’s criminal law competence, focusing on the Lisbon Treaty. It will analyse the ‘essentiality standard’ for the harmonisation of criminal law included in Article 83(2) TFEU, concluding that this standard encompasses both the subsidiarity and the ultima ratio principles and implies important practical consequences for the Union’s legislator. The research will then focus on the proposed Directive, trying to assess if the Union’s legislator, notwithstanding the ‘symbolic’ function of this proposal in the financial crisis, provides consistent arguments on the respect of the ‘essentiality standard’. The paper will note that the proposal raises some concerns, because of the lack of a clear reliance on empirical data regarding the essential need for the introduction of criminal law provisions. It will be stressed that only the assessment of the essential need of an EU action, according to the standard set in Article 83(2) TFEU, can guarantee a coherent choice of the areas interested by the harmonisation process, preventing the legislator to choose on the basis of other grounds.

The History and Challenges of Cohesion Policies. Jean Monnet/Robert Schuman Paper Series Vol. 14 No. 2, February 2014

From Introduction. Regional economic disequilibria was viewed as both an obstacle to and result of integration (European Commission 1965; European Commission 1962; European Commission 1969). Even within the Treaty of Rome, the Community tried to establish mechanisms to alleviate regional inequality. However, it was not until 1975 that the main mechanism of regional policy was established as a result of British and Irish enlargement: the European Regional Development Fund (ERDF). Since then, cohesion policy has become a significant EU expenditure accounting for €347bn, or 35.7% of the total EU budget for 2007-13(European Commission Regional Policy-Info Regio 2012). It has also become a key policy linked to enlargement. The underlying principle of cohesion policy assumes that the market alone cannot solve development problems and therefore government intervention is needed. This notion is in direct contrast to the underlying principle of EU competition policy, which asserts that the free market can solve economic development problems (Meadows, interview by author, 2003). The logic underlying cohesion policy is not only counter to EU competition policy, but also regulatory policies. Unlike other EU policies, cohesion policy is not a sectoral policy, but rather territorial in nature (Leonardi, 2006). Thus at times EU regulatory policy has also unintentionally worked counter to the goals of regional policy, sometimes disadvantaging poorer regions (Dudek, 2005). As the Community has sought to ameliorate regional disparities, it meant that all levels of government: local, regional, national and supranational would need to be involved, however, member states have different territorial governance and European regional development programs have to varying degrees impacted the relationship and policy responsibility of different levels of government (Leonardi, 2006; Bachtler and Michie 1993; Marks, 1993). The very nature of regional development policy has provoked a re-examination of subsidiarity, or which level of government is the lowest and most appropriate level. The discussion of policy formulation and implementation at the lowest level possible also addresses the issue of the democratic deficit. Some argue that the closer government is to the people the more responsive and representative it is. Democracy, however, also implies that public funds are used in a transparent way and for public rather than private good. Yet, as we examine the history and current situation of EU regional funds we find that corruption and misuse still abound. Thus, to understand the history of regional policy it is imperative to look at the major transformations of the policy, how regional policy has impacted subsidiarity and the quality of democracy, become an important instrument of enlargement and contradicted or conflicted with other EU policies.

La idea de una autoridad política mundial. Consideraciones críticas a la luz de las exigencias de la realidad política

A partir de los fundamentos del orden político-jurídico y de las aporías señaladas por la teoría del Estado y de las relaciones internacionales contemporáneas, buscando sustraerse a todo dogmatismo ideológico, el trabajo discute los argumentos axiales que han servido para sustentar la idea de un poder político mundial y señala los principales defectos de legitimidad que es dable descubrir en tal idea —sin detenerse en una propuesta particular de entre las varias y significativas que han surgido a lo largo de los últimos siglos en sede teológica, filosófica, política y jurídica—.

Does the European Union have a reverse gear? Policy dismantling in a hyperconsensual polity

The financial crisis has triggered demands to halt and even reverse the expansion of European Union (EU) policies. But have these and previous demands actually resulted in policy dismantling? The existing literature has charted the rise of dismantling discourses such as subsidiarity and better regulation, but has not examined the net effect on the acquis. For the first time, this contribution addresses this gap in the literature through an empirical study of policy change between 1992 and 2014. It is guided by a coding framework which captures the direction of policy change. It reveals that, despite its disposition towards consensualism, the EU has become a new locus of policy dismantling. However, not all policies targeted have been cut; many have stayed the same and some have even expanded. It concludes by identifying new directions for research on a topic that has continually fallen into the analytical blind spot of EU scholars.

Planificación económica y control democrático del mercado

El cuestionamiento de las relaciones capitalistas de producción debe surgir a partir de su tendencia inherente a los desequilibrios y a la irracionalidad económica y no desde algún pre-juicio ideológico o político. En este contexto, la planificación económica se presenta como necesaria en la medida en que se requiera asegurar una autonomía humana de decisión con respecto a la distribución del ingreso, el acceso al empleo y la protección del medio ambiente. A partir de la constatación de este hecho, la planificación no sustituye a las relaciones mercantiles sino que cumple la función de garantizar una tendencia al equilibrio sobre la base de las relaciones mercantiles, lo que ningún automatismo del mercado puede garantizar. Se propone un principio de delimitación entre la planificación y la autonomía de las empresas (la reproducción de la vida humana), principio ampliable a la delimitación entre el Estado y las actividades de los grupos autónomos y de los mismos sujetos en general. Abstract The questioning of the capitalist relations of production must come from their inherent tendency to irrationality and economic imbalances and not from any ideological or political prejudice. In this context, economic planning is as necessary as it is required to ensure a human decision-making autonomy with respect to income distribution, access to employment and environmental protection. From the observation of this fact, planning is not a substitute for market relations but serves to ensure a tendency to balance on the basis of market relations, so no automatic of the market can guarantee. The article proposes a principle of demarcation between the planning and autonomy for enterprises (the reproduction of human life), expandable to top the demarcation between the state and the activities of autonomous groups and the same subjects in general.

Segurança pública e privada

A presente investigação teve como objetivo analisar o carácter subsidiário e complementar dos serviços de segurança privada, face à atividade desenvolvida pelas forças e serviços de segurança. Centrada nos espetáculos desportivos, procurou mostrar de que forma se materializa a complementaridade e subsidiariedade entre serviços de segurança privada e as forças e serviços de segurança. Através de uma estratégia de investigação qualitativa, concretizada a partir de uma pesquisa documental e um inquérito por entrevista semiestruturada, cujos dados foram alvo de análise de conteúdo, pretendeu-se recolher informação que permita à GNR melhorar a sua atuação na segurança dos espetáculos desportivos. No âmbito da segurança interna, a segurança privada assume um papel fundamental no garante da segurança, a par das atividades desenvolvidas pelas forças e serviços de segurança. Nos espetáculos desportivos, esta relação simbiótica é evidente, sendo um claro exemplo de uma abordagem integrada a este direito fundamental. Conclui-se que a relação, prevista legalmente como complementar e subsidiária, entre serviços de segurança privada e forças e serviços de segurança, se materializa pela adoção e normalização de diversos mecanismos de coordenação e articulação, mas principalmente pela partilha de um fim último comum: a segurança de todos os cidadãos. Abstract: Inserted in the CEMC 2015-16, this work aims to analyze the alternative and complementary nature of private security services, due to the activity carried out by Police Forces. Focusing on sports events, this research sought to show how materializes complementarity and subsidiarity between private security services and Police forces. Through a qualitative research strategy, implemented from documental research and a survey by semi-structured interviews, whose data were subjected to content analysis, we intended to collect information to the GNR improve their performance in the safety of sports events. In the context of internal security, private agents play a key role in security guarantees, along with the activities carried out by security forces and services. In sports events, this symbiotic relationship is too obvious, being a clear example of an integrated approach to this fundamental right. It was concluded that the relationship provided legally as complementary and subsidiarity between private security companies and security forces and services, materializes the adoption and standardization of various mechanisms for coordination and articulation, but mostly by sharing an end last common: the safety of all citizens.