Articles for category: English Articles

The European Banking Union Also Means Cross-Border Bank Consolidation

A heated debate on the risks of EU’s unfinished-effort to establish a Banking Union erupted on 11 September 2024, when the Milan-based UniCredit announced that it had amassed an equity stake of 9% in the Frankfurt-based rival Commerzbank. The German Chancellor quickly labelled UniCredit’s move an “unfriendly attack,” adding that the acquisition of Commerzbank is a threat to German financial stability. We argue that German authorities can hardly provide a legally-compelling justification to convince the ECB to reject UniCredit’s request on financial stability grounds.

25. November 2024

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The Good, the Bad and the Ugly

The Commission needs to get its message out to Hungarians loud and clear that it is trying to fight corruption in Hungary so that EU money can be used to benefit the Hungarian people and not just Orbán’s circle of cronies. Hungarians would definitely appreciate that if they knew it. But the Commission’s press release today has been drowned out by Orbán’s use of state funds to flood the zone with his message that the Commission doesn’t care about the Hungarian people and is responsible for all of the economic pain they feel.

25. November 2024

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Georgian Dream as a Nightmare for Democracy

The Georgian Dream Party has been declared as winner of the parliamentary election in Georgia. Independent observers, however, identified a large-scale, multi-faceted election-rigging scheme in favor of Georgian Dream, prompting calls to annul the results. These allegations triggered protests and sparked a debate about the future of democracy, and the rule of law in Georgia. Due to the absence of effective judicial oversight to address evidence of electoral fraud, public resistance and external pressure are crucial to preventing power capture by Georgian Dream and halting Georgia’s autocratic shift.

21. November 2024

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Deporting the Enemy Within

Two weeks ago, the Israeli Knesset passed a law that grants the Minister of the Interior powers to deport family members of terrorists, including Israeli citizens. The logic of this law, its instrumentalization of legitimate security concerns to not just deny the rights and membership status of minority groups but attack the foundations of a constitutional system, is not unique to contemporary Israeli politics. As such, this logic needs confronting and refuting, and this law presents an important opportunity to do so.

21. November 2024

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Taming the Brazilian Supreme Court

The recent Proposal for Constitutional Amendment No. 28/2024 weakens constitutional review by allowing Congress to suspend certain decisions of the Supreme Federal Court. This article identifies several exaggerated and premature criticisms present in the public debate. Additionally, it explores how models of weak judicial review, successfully integrated by numerous established democracies, may foster constitutional dialogues and collaboration, potentially reducing counter-majoritarian frictions and enhancing democratic principles.

20. November 2024

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Observing the Elections in Venezuela

Electoral Observation Missions are vital to democracies worldwide. The case of Venezuela demonstrates their crucial importance: In the last presidential elections, the work of EOMs was able to confirm irregularities, which today keeps Venezuela under political pressure and added grounds for civil protest. Despite the severe repression that followed, the demand for electoral transparency remains, and sustains its validity in part thanks to the irreplaceable work of the EOMs.

20. November 2024

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A Rare Win

In a rare win for the rights of asylum seekers in the first Greek asylum case making its way to Luxembourg, the CJEU has limited abusive uses of the safe third country concept that had condemned applicants to legal limbo. In its ruling on 4 October 2024, the Court left Greece’s designation of Türkiye as a safe third country intact. Nonetheless, the case will still have a significant impact on asylum applicants. This post sets out the practical effects of the judgment on people applying for asylum in Greece and beyond.

19. November 2024

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The Brumadinho Disaster

In 2019, the rupture of a dam in Brumadinho unleashed a “torrent” of mining waste, destroying homes, contaminating the Paraopeba River, and killing 270 people. The dam was owned by the mining company Vale and its safety audited by the German TÜV Süd. More than five years later, no one has been held accountable. However, according to international human rights standards, the Brazilian state must hold companies accountable.

19. November 2024

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