Financing Services of General Economic Interest: Reform and Modernization
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This book examines the legacy of the 2003
ruling of the Court of Justice of the European Union in Altmark. This case
changed the direction of how Services of General and Economic Interest (SGEI)
should be funded in the EU against a background of liberalisation, and the need
for efficiency and global competitiveness. The book examines the European
Commission's response to the Altmark ruling in the measures known as the
'Altmark-Monti-Kroes Package' and charts the review of this package from 2009
culminating in a new package of measures, known as the 'Almunia Package'. The
seemingly technocratic idea of a review of the 'Altmark-Monti-Kroes Package'
could not have anticipated the demanding and changed economic and constitutional
context of the EU in 2009. It is in this light that the authors in this book
explore in great detail the different components of the new 'Almunia Package' of
measures introduced in 2011-2012, offering a critical review and highlighting
where the future direction of the regulation of SGEI may lead as the EU
struggles in an economic climate of austerity to balance a new constitutional
dimension of a 'highly competitive social market economy' with a modernisation
agenda for the single market.
