60 Ideas for Europe

The Directive 2001/86/CE has been especially detrimental to the promotion of a pan-European social model in the following two areas:
a) It has not applied the “involvement” model currently in force in Germany, pertaining to the merger of German companies with companies in other Member States.
b) Likewise, it has not applied the German model relating to the creation of new companies which are medium-large in terms of number of employees and capital.
The result of all this is that each member state applies its own legislation, the problem being that many of them do not have the social awareness which we observe in Germany, Austria and Scandinavia (which, strangely enough, have the most competitive companies).
In addition, the protection of shareholders is also left purely to the decision of each member state.

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