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European System (european + system)
Selected AbstractsThe European Commission: The Limits of Centralization and the Perils of ParliamentarizationGOVERNANCE, Issue 3 2002Giandomenico MajoneArticle first published online: 17 DEC 200 The idea of an inevitable process of centralization in the European Community (EC)/European Union (EU) is a myth. Also, the metaphor of "creeping competences," with its suggestion of a surreptitious but continuous growth of the powers of the Commission, can be misleading. It is true that the functional scope of EC/EU competences has steadily increased, but the nature of new competences has changed dramatically, as may be seen from the evolution of the methods of harmonization. The original emphasis on total harmonization, which gives the Community exclusive competence over a given policy area, has been largely replaced by more flexible but less "communitarian" methods such as optional and minimum harmonization, reference to nonbinding technical standards, and mutual recognition. Finally, the treaties of Maastricht and Amsterdam explicitly excluded harmonization for most new competences. Thus, the expansion of the jurisdiction of the EC/EU has not automatically increased the powers of the Commission, but has actually weakened them in several respects. In addition, the progressive parliamentarization of the Commission risks compromising its credibility as an independent regulator, without necessarily enhancing its democratic legitimacy. Since the member states continue to oppose any centralization of regulatory powers, even in areas essential to the functioning of the internal market, the task of implementing Community policies should be entrusted to networks of independent national and European regulators, roughly modeled on the European System of Central Banks. The Commission would coordinate and monitor the activities of these networks in order to ensure the coherence of EC regulatory policies. More generally, it should bring its distinctive competence more clearly into focus by concentrating on the core business of ensuring the development and proper functioning of the single European market. This is a more modest role than that of the kernel of a future government of Europe, but it is essential to the credibility of the integration process and does not overstrain the limited financial and legitimacy resources available to the Commission. [source] Economic and Legal Issues in Reducing the Eurosystem's Excess of International ReservesJCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 3 2004Harald Badinger Economic studies suggest that the Eurosystem's international reserves ($370 billion) could be reduced by up to half of its existing level. The article discusses the likely size and distribution of excess reserves and proposals for their uses. Small economic gains can be expected from a reserve reduction, as well as an elimination of incompatibilities and conflicts of interest between the conduct of monetary and investment policy. A careful and co-ordinated reserve reduction would pose no threat to financial stability, making it also admissible from a legal perspective against the background of Art. 31 of the ESCB (European System of Central Banks) Statute. Finally, transferring reserves as an extraordinary gain to the government does not constitute monetary financing as prohibited by Art. 101 EC Treaty. [source] Favorable Long-Term Survival in Patients Undergoing Stent PCI of Unprotected Left Main Coronary Artery Compared to Predicted Short-Term Prognosis of CABG Estimated by EuroSCORE: Clinical Determinants of Long-Term OutcomeJOURNAL OF INTERVENTIONAL CARDIOLOGY, Issue 4 2009RALF LEHMANN M.D. Aims/Methods: The long-term outcome of patients (pts) undergoing percutaneous coronary intervention (PCI) of unprotected left main coronary artery (LMCA) is unclear so far. We prospectively investigated the outcome of 102 consecutive patients who underwent stent PCI of unprotected LMCA. Patients were divided according to clinical indication for PCI: stable coronary artery disease (CAD) (N = 60), NSTEMI (N = 18), STEMI (N = 24). Expected in-hospital mortality of coronary artery bypass grafting (CABG) was calculated using the European System for Cardiac Operative Risk Evaluation (EuroSCORE) and compared to the observed survival rate during long-term follow-up (mean 1.8 ± 1.2 years). Results: The observed 30-day mortality was 1.7% (1/60 pts) in patients with stable CAD, 11% (2/18 pts) in NSTEMI patients, and 13% (3/24 pts) in STEMI patients. The observed mortality was lower than the predicted mortality of CABG as calculated by the logistic EuroSCORE. Using receiver-operator characteristics curves (ROC), EuroSCORE demonstrated a high predictive value for both 30-day mortality as well as 1-year mortality (AUC > 0.8; P < 0.01). Prognostically relevant patient related factors (P < 0.01) included severely reduced left ventricular ejection fraction (HR 3.24), ACS (HR 3.18), STEMI (HR: 3.01), Killip class IV (HR 7.69), occurrence of neoplastic disease (HR 3.97), and elevated CRP (HR 3.86). Conclusions: LMCA-PCI was associated with lower long-term mortality rates compared to the estimated mortality of CABG. This prospective observational study suggests that DES-PCI of unprotected LMCA in "all-comers" can be carried out with reasonable risk. [source] Accrual Budgeting: Accounting Treatment of Key Public Sector Items and Implications for Fiscal PolicyPUBLIC BUDGETING AND FINANCE, Issue 2 2006CARIDAD MARTÍ Budgeting in accrual terms is one of the most controversial issues in public sector accounting. In this paper, we analyze the accounting treatment of problematic elements of the financial statements when introducing accrual budgeting, and discuss the effects of the analyzed accounting alternatives on fiscal policy. We focus on three pioneer countries in the implementation of accrual budgeting and accounting: the United Kingdom, Sweden, and New Zealand. The accounting standards of the International Public Sector Accounting Standards Board, the European System of Accounts, and the Government Finance Statistics Manual of the International Monetary Fund are taken as benchmarks. [source] Prediction of heat release in the single burning item testFIRE AND MATERIALS, Issue 2 2002Anne Steen Hansen This paper presents a modification of an existing mathematical model that uses cone calorimeter test results to predict heat release rate in the single burning item (SBI) test. A method for classification of cases based on multivariate statistical analysis is incorporated in the modified model. This makes it possible to determine the development of the heat release curve in the SBI test with better precision than the original version was able to. The model has been applied to 100 cases of cone calorimeter test results from 33 different products. For most of the products the predicted shape and level of the heat release curves are close to measurements in the SBI test. Using the predicted heat release results as input to calculation of FIGRA0.2MJ and THR600s within the new European system for reaction-to-fire classification, we were able to predict membership of the correct class in 90% of the analysed cases. Copyright © 2002 John Wiley & Sons, Ltd. [source] Brussels between Bern and Berlin: Comparative Federalism Meets the European UnionGOVERNANCE, Issue 2 2003Tanja A. Börzel In the current debate on the future European order, the European Union (EU) is often described as an "emerging federation." This article claims that federalism is not exclusively useful in deliberating about the future of the EU. Non-statecentric conceptions of federalism provide a better understanding of the current structure and functioning of the European system of multilevel governance than most theories of European integration and international relations do. We combine political and economic perspectives of federalism to analyze the "balancing act" between effective political representation and efficient policy-making in the EU. Drawing on the examples of Germany and Switzerland in particular, we argue that the increasing delegation of powers to the central EU level needs to be paralleled by strengthened patterns of fiscal federalism and an empowered representation of functional interests at the European level. Without such "rebalancing," the current legitimacy problems of the EU are likely to intensify. [source] The Making of a Global European EconomistKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2008David Colander SUMMARY This paper provides results of a survey of European graduate programs that are designing their programs to be similar to top US programs and compares those results to an earlier study done by the author of US schools. The study (1) provides a profile of European graduate economics students; (2) considers the degree to which European training at these schools differs from U.S. training, (3) offers some insights into the differences that exist among some top European programs in economics, and (4) provides a glimpse of the views that the students have of economics and of the training they are receiving. It finds that these global European programs are similar in many ways to US programs and that the students are satisfied with the programs. However, because of the different job markets in the US and Europe, it is not clear that the training is appropriate for the majority of European students. The paper concludes with a discussion of some of the concerns that should be kept in mind by other programs as they consider adapting their programs to become a ,global' program. These concerns include the argument that the traditional European system did a number of things right; the European academic economics institutional structure is quite different from the U.S. institutional structure; and the U.S. system has its own set of problems. [source] Anthropological race psychology 1820,1945: a common European system of ethnic identity narrativesNATIONS AND NATIONALISM, Issue 4 2009RICHARD McMAHON ABSTRACT. This article examines ethnic stereotypes in biological race classification of Europeans between the 1830s and 1940s as part of political discourse on national identity. Anthropologists linked physical-psychological types to nations and national character stereotypes through ,national races', achieving an often quite enduring international consensus on each race's mentality. The article argues that race mentality narratives were therefore partly dictated by their place within a dynamic interlocking European system. I focus on two key interacting elements that structured this system: the central role of the Germanic-Nordic blond and the geographically uneven process of modernisation. I consider the spatiality of socio-cultural and political factors ,external' to the stereotype system, such as geopolitics and modernisation, but also emphasise that discursive relationships between national stereotypes helped structure the international stereotype system. My conclusion argues for greater consideration of the influence of both scientific and international systemic factors in research on national identity. [source] | |||||||||||||