By editors, Antoni Kuklinski, Krzystof Pawlowski.
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Additional resources for Europe : the global challenges
As the Italian politicians feared that their country would drop into the lower category of European states, they decided to join the European Monetary System (EMS), even though this system benefited primarily Germany and France. Had Italy not done that, it could have lost international investments, which can easily result in mass outflow of financial assets from the market. g. the continuous split into worse and better countries. They also feared Germany’s excessive emancipation, since they were very much aware of the possible benefits following the introduction of the monetary union in that country.
6 It is important to make a difference between the concepts of the strong and the weak sustainability and to satisfy the requirements of strong sustainability in the economy and the way of living. 4 Europe—The Global Challenges strona: 41 (41) 42 Marosán György Therefore, for Eastern Europe, which is exceeding the “ecological footprint” of its own territory right these days, this ecological tax will be much less acceptable than for Western Europe. The American president George W. Bush’s slogan “The American way of life is not subject to negotiations”, which is arrogant and narrow-minded at the same time, is frequently cited pejoratively in Europe.
As a result thereof, the progress in institutional reforms can proceed only slowly and no thorough change can be expected for the time being. This is confirmed by the attempt to restrict the veto for decisions made by the Council of the EU. Thus, according to the Amsterdam Treaty (1997) and the Nice Treaty (2001), voting with a qualified majority remains an exceptional procedure. The functioning of the EU is best described by increasing limitations. On the motion of Great Britain, taxation and social security have been removed from the list of issues that are decided in majority votes.