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331. A Public Stability Pact for Public Debt?

Author:
Daniel Gros
Publication Date:
01-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
There is an urgent need to link the excessive deficit procedure with the issue of sustainability and hence the evolution of public debt. This note shows that there exists a simple way to introduce the evolution of public debt in the Stability Pact, which so far has focused exclusively on deficits. The link starts from the Maastricht criterion for participation in EMU concerning public debt and its reference value of 60% of GDP. The Maastricht criterion on public debt stipulates that if public debt exceeds 60% of GDP, it must be 'sufficiently diminishing and approaching the reference value at a satisfactory pace''.This note provides a numerical rule for evaluating whether public debt is indeed diminishing 'at a satisfactory pace'. This numerical rule is in accordance with the reference values in the Treaty and could be used as the basis for an 'excessive debt procedure'.
Topic:
Government, Human Rights, and International Organization
Political Geography:
Europe

332. Financial Conglomerates: The Future of Finance?

Author:
Robert Litan and Richard Herring
Publication Date:
04-2003
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In 1999, after nearly twenty years of debate, the U.S. Congress finally passed legislation permitting bank affiliations with all sorts of other financial enterprises, and vice versa. In this step, the United States joined many other countries — especially in Europe and, more recently, Japan — in allowing the operation of financial conglomerates. But are financial conglomerates the wave of the future in finance? And if so, how are they to be regulated? These were the two central questions addressed in the fifth annual conference of the Brookings-Wharton Papers on Financial Services, an annual volume published by the Brookings Institution Press. The conference, held in October 2002 in Washington, D.C., convened financial services experts from around the world. The papers presented at the conference suggest, generally, that while the future may see more financial conglomerate activity than it has in the past, there still will be a role for specialist, or "monoline" financial companies. As for regulation, there is no settled model: some nations will pursue consolidated supervision, with authority over entire conglomerates vested in a single authority (often the central bank), while others will still regulate the pieces of diversified financial enterprises along structural lines.
Topic:
Economics, Government, Industrial Policy, and International Trade and Finance
Political Geography:
United States, Europe, and Washington

333. Threats to Financial Privacy and Tax Competition

Author:
Veronique de Rugy and Richard W. Rahn
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
Global economic growth and personal freedom are under attack by governments and international organizations seeking to squelch financial privacy and tax competition. Privacy rights and international tax competition are beneficial constraints on the monopoly power of governments. But high-tax nations and organizations such as the European Union are pressing for international agreements to remove those limits on government power at the expense of prosperity and freedom.
Topic:
Economics, Government, and International Organization
Political Geography:
United States and Europe

334. Electricity Restructuring

Author:
John A. Riggs and Paul Runci
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
Over the July 4th weekend, seventy current and former government officials and experts from industry, academia, and consumer and environmental public interest groups met to discuss the state of the U.S. electricity industry. The lack of progress in addressing critical electricity issues will increase costs and reduce performance in the electricity sector over the next several years. The long-term future of electricity supply and demand is also clouded by the absence of clear and stable government policies.
Topic:
Energy Policy, Government, and Science and Technology
Political Geography:
United States and Europe

335. Between a Rock and a Hard Place: How the US-EU Battle over Article 98 Played Out in Croatia and Macedonia

Author:
Kristina Balalovska and Mieczyslaw P. Boduszynski
Publication Date:
09-2003
Content Type:
Working Paper
Institution:
The Wilson Center
Abstract:
In the first half of 2003, postcommunist East European countries became pawns in two disputes between the European Union (EU) and the United States (US). The first, broadly covered by the Western media, was the clash over the US-led invasion of Iraq. The second was over the jurisdiction of the newly established International Criminal Court (ICC). Although the latter skirmish was less noticed in the wider world, it was in many ways the more significant of the two. In both cases, the small states of East and Central Europe were forced to choose between the conflicting demands of the EU and US. Unlike the battle over the Iraq war, EU member states were united on the point of not granting the US immunity in the ICC. Moreover, it was impossible to walk a tightrope between Europe and the US in the ICC case because it required decisive action, whereas on the question of whether or not to invade Iraqi, some postcommunist countries were able to lend tacit support to both sides. Finally, a lot more was at stake in the ICC issue, since both the US and the EU threatened defecting countries with concrete sanctions.
Topic:
Government, International Organization, Politics, War, and Sanctions
Political Geography:
United States, Iraq, Europe, and Macedonia

336. Monitoring of the Norwegian Secret Services

Author:
Leif Mevik
Publication Date:
05-2003
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
In Norway, monitoring of the secret services (EOS services) is carried out by a parliamentary monitoring body, the Committee for Monitoring of Intelligence, Surveillance and Security Services. The Committee conducts continuous monitoring of the Norwegian Police Security Service, the Norwegian Intelligence Service and the Norwegian National Security Authority (NoNSA). The monitoring arrangement is independent of the EOS services and the remainder of the administration. The Committee's members are elected by the Storting (the Norwegian parliament), and the Committee reports to the Storting annually. The arrangement was established in 1996. The continuous monitoring takes the form of regular inspections of the secret services. The Committee also deals with complaints from private individuals and organizations that believe the secret services have committed injustices against them.
Topic:
Security, Government, and Human Rights
Political Geography:
Europe

337. Oversight and Guidance: the Relevance of Parliamentary Oversight for Security Sector Reform

Author:
Hans Born and Philip Fluri
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
There is a widespread belief that security policy is a 'natural' task for the executive as they have the requisite knowledge and ability to act quickly. The decision to go to war, to contribute troops to multinational peace support operations, to conclude international treaties or to raise defence spending, to mention just some of the most important governmental security responsibilities, are regarded to be executive decisions. The stubborn perception exists that parliaments should be kept out of these decisions. Parliament tends to be regarded as a less suitable institution for dealing with security issues, especially given its often time-consuming procedures and lack of full access to the necessary expertise and information. Additionally, parliaments are regarded as ill-suited institutions for keeping classified information secret. However, this is a misperception. The past teaches us that parliaments do play a major role in matters of security in democratic states, both in times of war and peace. In the times of the Roman Republic, the Dutch Republic in the sixteenth century, Great Britain in the Second World War, or, more recently at the outbreak of the Second Gulf War, Parliaments across the globe have debated, influenced and exercised oversight over security policy and security sector reform, even in the middle of war.
Topic:
Security, Defense Policy, and Government
Political Geography:
Europe, Romania, and Dutch

338. Practical Confidence-Building Measures: Does Good Governance of the Security Sector Matter?

Author:
Heiner Hänggi
Publication Date:
01-2003
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
Good governance of the security sector, when considered from a disarmament perspective, indicates linkages between two principal issue-areas in contemporary international politics, i.e. those of 'security' and 'governance'. These two issue-areas are closely intertwined, contributing to evolving definitions of the terms themselves. During the bipolar period, security was generally defined in 'hard' military terms. Following the end of the Cold War, the concept was broadened to include 'soft' and human security concerns. This was paralleled by a broadening of the concept of confidence-building measures to include, inter alia, the role of security forces in the society. The fundamental principles of good governance include transparency and accountability of the exercise of state power. The implementation of good governance of the security sector (including military, paramilitary, internal security forces, police, border guards, and intelligence services) is a long and often difficult process, and whether this can be achieved is dependent on the capability and willingness of the individual countries.
Topic:
Security, Civil Society, Government, and Peace Studies
Political Geography:
Europe

339. Security Sector Reform in Bulgaria

Author:
Velizar Shalamanov
Publication Date:
01-2003
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
Security Sector Reform (SSR) is an essential part of transformation of the totalitarian states to democratic ones. Security was motive, tool and excuse for the Communist Parties to control totally the state, economy and society at all. As a result security sector - named Armed Forces was extremely large, powerful, secret (un-transparent), under communist party control and separated from society even using all the resources of the society, including young men for 2-3 years.
Topic:
Security, Democratization, and Government
Political Geography:
Europe and Bulgaria

340. A Casual View into the Future: Reform of Military Education in the Czech Republic

Author:
Marie Vlachová and Ladislav Halberštát
Publication Date:
01-2003
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
There is no doubt that the security situation in Europe changed dramatically during the last decade. Whilst total war has disappeared from the inventory of security threats, regional wars with devastating consequences for affected countries, are still topical. With ethnic hostility, organised crime and the world-wide terrorism list of non-military threats has become much wider. A widening gap between rich Western countries and their poor neighbours in Eastern and South Eastern Europe represents another serious danger, as well as do uncontrollable corruption in politically and economically weak regimes, the inability of states to protect their borders efficiently against trafficking, smuggling, illegal immigration and weapons proliferation, including weapons of mass destruction. Information warfare which results in serious damage being caused by attacks on the information systems of developed countries represents another relatively new security threat. Expertise in security political decision-making has become very important, and thus in the future, a shortage of competent specialists in governmental and parliamentary structures could affect states' ability to anticipate threats and make an adequate decision.
Topic:
Security, Development, Government, and Weapons of Mass Destruction
Political Geography:
Europe and Czech Republic