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Free keywords:
Europäische Finanzmarktintegration, Europäische Kommission, europäisches Wettbewerbsrecht, öffentlich-rechtliche Banken, Liberalisierungspolitik
European Financial Market Integration, European Commission, European Competition Law, Public Banks, Liberalization Policies
Abstract:
This article reconstructs the confl ict about the liberalization of German public
banks. During this confl ict, the European Commission was able to enforce the supranational
competition rules for fi nancial services, skillfully applying political strategies. The
article focuses on the Commission’s capacities for strategic action. The case illustrates that
the Commission has the ability to promote the integration process even in areas where the
Member States wanted to prevent regulative competences being transferred to the European
level.