Cuardaigh

The free movement of capital is not only the most recent of all Treaty freedoms, but — because of its unique third-country dimension — also the broadest. The liberalisation of capital flows progressed gradually. Since the Maastricht Treaty, all restrictions on capital movements and payments have been removed, both between Member States and with third countries. The principle has direct effect, i.e. it requires no further legislation at either EU or Member State level.

Executive Smmary The present study looks at a range of questions related to the social and economic consequences of private equity/LBO activity raised by the European Parliament. Overall, we find private equity to be a well-functioning, established industry that fulfils a crucial role in our economy by providing corporate financing and governance services for the efficient revitalization of underperforming mature businesses. Through long-term controlling investments, Private Equity Firms trigger ...