Забрана привилегованог приступа финансијском тржишту ЕУ
Prohibition of privileged access to the EU financial market

Summary/Abstract: With the liberalization of capital movements and capital services, in the European Union is a growing need for harmonization of rules on the prohibition of privileged access of the public sector to joint financial market. EC Treaty stipulates that the public sector in the member states have the obligation to abide by the established market standards in cross-border financial transactions. This leads to the strengthening of budgetary discipline, which contributes to member states have equal status in terms of free access to the financial market. Because the privileged access of the public sector to financial markets contrary to the principle of competition, the EU Council adopted the Directive 3604/93, which is closer to defining the execution of prescribed duties.

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