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BackA demand which has been coming for many years from workers’ representatives is now finally entering a new phase. The Commission has initiated a public hearing on hedge funds.
It has been a demand for many years from workers’ representatives in the member states but also at the European level: to finally establish binding regulations for hedge funds and also for private equity funds. The European Parliament clearly argued for increased regulation of hedge funds and private equity funds at the start of autumn of last year.
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BackIn February 2008, the Council of the Member States and the European Parliament accepted the proposal of the Commission for a 3rd Postal Directive. The Directive provides a time frame according to which the full market opening of the postal sector has to be completed by 31st December 2010 (for some EU Member States by the end of 2012).
The postal services within the EU are subject to the 1997 Postal Services Directive. This Directive created a regulatory framework, which gradually restricted the so-called “reserved area”.
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BackDue to its alleged abuse of the monopoly position of Standard & Poor’s (S&P), the European Commission is taking legal action against the rating agency.
Publications
BackIn March 2008, the European Council invited the Member States to give their initial thoughts on the future of the Lisbon strategy for the period beyond 2010.
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BackThe planned Directive pursues the aim of codifying ECJ case-law on crossborder healthcare. The AK underlines that in case of a sharp increase inthe cross-border utilisation of healthcare, it must be ensured that it leads neither to one-sided cost burdens for Member States, nor that national healthcare or the national services offered on which this healthcare is based suffer from the fact that patients request healthcare abroad in droves.
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Werner Michael Pletzenauer
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BackIn July 2008, the European Commission submitted a communication on "A renewed commitment to social Europe: Reinforcing the Open Method of Coordination for Social Protection and Social Inclusion".
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BackThe aim of this proposal is to implement the principle of equal treatment between persons irrespective of religion or belief, disability, age or sexual orientation outside the labour market. It sets out a framework for the prohibition of discrimination on these grounds and establishes a uniform minimum level of protection within the European Union for people who have suffered such discrimination.
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Martina Thomasberger
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BackIn July 2008, the European Commission proposed a Directive on the establishment of a European Works Council or a procedure in Community-scale undertakings and Community-scale groups of undertakings for the purposes of informing and consulting employees.
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BackThe European Commission has created a new generation of bilateral trade and investmentagreements within the scope of the “Global Europe” strategy in order to strengthen market penings at a bilateral level after the liberalisation efforts have waned within the World Trade Organisation. In the opinion of the Commission, this new generation of agreements shall fulfil several objectives.
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Karin Lukas
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Astrid Steinkellner
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BackThe study “Designing and financing labour market policies: an international comparison”, of the Chamber of Labour investigated the success of labour market policy strategies in countries on a par with Austria. Using the strategies of Denmark, Germany, the Netherlands, Sweden and the United Kingdom as examples, it ascertained which strategies could be considered “best practice”, what effects certain strategies have and what can be deduced from this for the labour market policy in Austria.