Solidarity in EU Law
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Solidarity in EU Law

Legal Principle in the Making

Edited by Andrea Biondi, Eglė Dagilytė and Esin Küçük

The European Union has evolved from a purely economic organisation to a multi-faceted entity with political, social and human rights dimensions. This has created an environment in which the concept of solidarity is gaining a more substantial role in shaping the EU legal order. This book provides both a retrospective assessment and an outlook on the future possibilities of solidarity’s practical and theoretical meaning and legal enforcement in the ever-changing Union.
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Chapter 9: On the content and scope of national and European solidarity under free movement rules: the case of golden shares and sovereign investments

Daniele Gallo

Abstract

At the core of this chapter lies the tension between the EU’s aims of market integration and the retention by national authorities of important powers in the carrying out of socio-economic activities. In this respect the chapter examines the concept of socio-economic protectionism under free movement rules in the context of the relationships between intra-EU golden shares, non-EU sovereign investments, services of general economic interest (SGEIs) and strategic industries. To this end, it argues that the multifaceted notion of solidarity, at national and EU levels, may serve for reaching a fair balance between the aims of economic/market regulation and those of social regulation.

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