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In July 2021, the European Commission has proposed a set of conjunct initiatives to reform the antimoney laundering/countering the financing of terrorism (AML/CFT) regulatory regime in Europe with the main aims to (i) harmonize the AML/CFT regulation and (ii) centralize the authority to a higher degree at European Union (EU) level. This paper aims to assess the reform in light of the EU subsidiarity principle.

The paper uses a benchmark approach to compare the proposed EU money laundering reform against Article 5(3) of the Treaty on the Functioning of the European Union.

The paper confirms that more centralized decision-making at EU level in this policy area is justified, mainly because (i) the policy area is not an area where the EU has exclusive competence, (ii) EU centralized action is necessary and (iii) it also adds value, for instance, for level playing field and efficiency considerations as long as local information advantage will not be lost. As such, the subsidiarity principle can be applied and is an adequate tool to legitimize EU centralized action in the field of money laundering combat.

As the EU AML regulatory reform has not yet been sufficiently discussed in light of the subsidiarity principle, the article is of innovative nature.

Despite the success in achieving the objectives for the use of renewable energy sources, the EU’s competitiveness is not at the desired level. In particular, the largest decreases in fossil-type energy intensity were observed in last 13 members of EU, namely, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia. The purpose of this paper is to trace how these countries protect the competitiveness of their dirty (energy-intensive) industries.

The study employs revealed comparative advantage (RCA) indices to measure the comparative advantage (CA) of EU-13 in dirty industries for the period 1995-2014 and assesses these indices in the framework of EU’s climate policy.

Some policies which make industries to adapt EU’s 20-20-20 targets are forcing industries. In order to compete, these industries are leaving Europe and looking elsewhere. In this study the authors found that, particularly chemicals and non-metallic mineral manufactures resulted in a weakening of their CA over the years in some of these members. Similarly it is found that the RCA indices of iron and steel and non-ferrous metals are decreasing.

The study addresses the EU-13’s position in terms of their competitiveness and find the connection with the EU’s climate policy through their RCAs of dirty industries.

Examines the ramifications of the ongoing politico‐economic unification taking place in Europe. Viner′s theoretical contribution in analysing customs unions is applied to the European Union (EU) in order to determine the implications of the EU on developing countries. Additionally, examines the changes taking place in the formerly planned economies of Central and Eastern Europe in an effort to understand the diversion effect faced by developing countries better. Finally, identifies different levels of competition: competition within the EU and outside the EU, competition between EU and non‐EU firms, and competition among non‐EU actors.

Suggests that the population of the EU will still need drugs whether or not the EU continues to have a pharmaceutical industry. Various policies trying to control health service drugs bills have affected the drugs industry: increasingly the effects are adverse. The EU Commission is now taking an increasing interest in health care and pharmaceutical industry policy. It is therefore of some urgency to open the debate up by beginning to signal what the EU stands to lose if it loses the pharmaceutical industry in the EU. Although it is highly improbable that the EU will lose all the present pharmaceutical industry in the EU it is likely that it will lose some of it in the next five years, and it is almost certain that the industry in the EU will continue to yield with respect to industry in North America, the Pacific Basin and Asia.