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Policy Papers

O mercado único e os Auxílios de Estado concedidos à Banca: erosão da soberania ou garantia da ideia de Estado?

July 2017 - Sérgio Varela Alves

We analyze the common market evolution into today’s single market, an example of the continuous economic integration we experienced at the EU, along with the EMU and the recently created Banking Union. Doing it, we can verify a close link between an economic doctrine – neoliberalism – and the phenomenon’s of globalization and free trade, that alongside other issues contributed to the State’s sovereignty erosion. Despite that, it was the one called to save the World’s financial system – first of all the banks – forgetting the moral hazardous and the dominant economic doctrine - that nevertheless keeps its intention of diminishing its savior power. 

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