Development and Finance from issue 2008/3

László Vigh

From Nice to Lisbon - Impact of the Treaty of Lisbon on the functioning of the European Union

- Abstract -

It is clear that the new Treaty goes beyond the previously seen series of amendments. In the future, a large number of changes will be implemented in areas which used to be treated as taboos. What is more, in several cases where there is still a strong fear of losing sovereignty and the resulting disadvantages, the Treaty will soon provide an opportunity for a transition towards supranationality. Consequently, although there are issues where a large group of Member States would be in favour of further progress, there are far fewer issues which need to be revisited again in the future. This means that in contrast to the previous intentions of Member States, a new founding treaty is not likely to be adopted within the foreseeable future. This result was achieved by EU decision-makers via retaining the balance struck previously by the Convention between the EU and Member States. In terms of its content the Constitutional Treaty has been maintained, the last inter-governmental conference only made terminological changes, even if in certain questions decisions taken are considered to be a step back.

László Vigh, PhD, college lecturer (Budapest College of Management)

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