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A comprehensive analysis of integration of EU energy markets and aspects affecting the process of integration between 2000 and 2019
Mocák, Filip ; Holubcová, Jitka (advisor) ; Mazač, Jan (referee)
This Master's thesis analysed integration process of national energy markets through non- legislative and legislative EU documents. The aim was to study integration of national energy markets and aspects that had influence on the integration process through interpretative content analysis. Additionally, the definition of internal energy market was augmented. The internal energy market requires not only competitiveness, market-based approach, customer orientation and flexibility, but it is also necessary to ensure security of supplies, diversification of suppliers, sustainability, and transparency. Four aspects were analysed. It was partially proven, that several initiatives and proposals made by the European Commission were implemented by the member states in binding EU legislation (energy packages) in the period from 2000 to 2019. The initiatives presented by the European Commission were far more ambitious. However, as it was pointed out several times in Commission's publications that progress was rather slow in transposition of EU legislation into national laws by the member states which significantly prolonged integration process. Main problems were deregulation of gas prices for end users, ownership unbundling and independence of national regulatory authorities. Next, geopolitics within the EU...
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Slovensko v EMÚ a ich spoločná budúcnost'
Turčáni, Peter ; Ježek, Tomáš (advisor) ; Pfeifer, Lukáš (referee)
The task was to show on an example of Slovakia, which has accepted the euro, in comparison with V4 countries, which have kept their own currencies, that common currency does not necessarily bring only negatives. Current EMU problems don't come from the nature of euro but the key problem comes from the public finance and irresponsibility of politicians. On the base of this knowledge, the work suggests an alternative approach to solve debt crisis on the example of Greece, meaning a fiscal rent of Greek touristic islands. The work also deals with the vision of EMU in future to avoid this kind of problems and to change the overall approach to fiscal policy. I see a solution in monetary-fiscal union, which is based on the new fiscal rule derived from Okun's law and also on common supervision institution over national government budgets with the right to arbitrarily intervene in case of need.
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