By Laura Cram, Desmond Dinan, Neill Nugent (eds.)
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In Deutschland erfolgte die Ausstattung junger Wachstumsunternehmen mit Risikokapital bisher primär über das Bankensystem. Eine direkte Kapitalaufnahme über Anleihen spielte eine untergeordnete Rolle. Im Vergleich mit dem US-amerikanischen Finanzsystem zeigt Jobst Müller-Trimbusch, dass High-Yield Anleihen für junge Unternehmen ein effizienteres Finanzierungsinstrument als kurzfristige Bankkredite darstellen.
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Extra resources for Developments in the European Union
And Zysman, J. (1989) '1992: Recasting the European Bargain', World Politics, vol. 42, pp. 95-128. ) (1992) Euro-Politics: Institutions and Policy-Making in the 'New' European Union. Washington: The Brookings Institution. Schmitter, P. (1970) 'A Revised Theory of Regional Integration', International Organisation, vol. 24, pp. 836-68. Stein, E. (1981) 'Lawyers, Judges and the Making of a Transnational Constitutions', American Journal of International Law, vol. 70, pp. 1-27. Thelen, K. and Steinmo, S.
By 1998, each of the original six member states had exercised the role of president ten times, constituting a solid cadre of experienced officials. Those who have joined more recently are gaining experience quickly, and profiting from the many years' experience of officials in the Council Secretariat, who spend large amounts of time with officials and in the presidency capital in advance of the Presidency itself, briefing the officials whose job it will be to chair meetings and keep the Council in business for six months.
The idea of electing a President of the Union for external policies has also been mooted. For the moment, the status quo remains, but the next enlargement may provide an opportunity for the question to be settled one way or the other. For the incumbent member state, exercising the role of President means fielding two delegations for every meeting in the Council hierarchy - one to chair and run the meeting, the other to represent the national position. The Presidency is required to be neutral and impartial, so steps must be taken to distance itself from the national delegation, although this is not always easy, possible, or perhaps even Fiona Hayes-Renshaw 35 desirable.