Energy glut
Article Abstract:
European Community (EC) utilities determine what capital investments will be made, they set terms for energy purchases, and they bar competition. Currently, the EC's electricity market is dominated by monopolies, and only 3-4% of all electricity used in the EC is exchanged between member states. Dow Europe's business director for hydrocarbons Alan Wilson says such monopolies have no concerns about the market or customer service. The EC's energy commission has proposed creating an internal energy market as part of the Internal Market of 1992 because the Commission believes competition among energy suppliers would save the EC money. The Commission's four proposals include: a proposal to invest in energy infrastructure projects; a proposal to force firms to disclose energy prices for comparison among countries; and two proposals for gas and electricity that would create more exchange between utility monopolies in different countries.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1989
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Chaos overcome
Article Abstract:
The 12 members nations of the European Community (EC) ended decades of public conflict over budgeting with a major compromise among the members in Feb 1988. All parties agreed to accept 'budgetary discipline', particularly in agricultural spending. The entire $43.6 billion EC budget is expected to be affected by the agreement, however. The main net contributors to the EC are Great Britain, Germany, and France; while the net beneficiaries are Ireland and the southern rim states. EC funding stems from three areas: customs duties, sugar and agricultural levies, and value-added taxes. Sugar and agricultural levies are linked under the EC Common Agricultural Policy (CAP). CAP fees are charged on agricultural products that are imported from countries not within the EC, and are designed to protect the higher-priced goods produced by EC member nations.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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Some new year's resolutions on Europe's tough issues
Article Abstract:
The European Community has a variety of issues that it must begin to solve in 1989, such as: reciprocity as it relates to market access abroad; whether to develop pan-European employment rules; and the controversy over establishing a central bank to control all the monetary policy in the European Community.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1989
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