Law 3101A/B Study Guide - Quiz Guide: Monism, Economic And Monetary Union Of The European Union, Capital Market
16 Oct 2018
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Should be possible to move capital from one member state to other because if goods and the services cant be paid, freedom to move them across borders looses its value. Treaty of rome: - only an obligation to move towards integration of the capital market. Treaty of maastricht: - introduced the development of a european monetary union, which led to introduction of a single currency, the euro. Included first art. on free movement of capital. Albore- case: - ecj: notary was right - without special reasons discrimination between. Italian nationals and nationals of the eu member state was not allowed. = protection of free movement of capital extends to the protection of transactions in which the movement of capital is involved. Internal market spilled over into a strive of monetary integration of the euro. Not all countries participated in the adoption of common currency. Uk wanted to stay in control over their own currencies.
