Sentences with phrase «national authorities alone»

Not exact matches

Even allowing, as many authorities do, that the Great Recession was a national crisis warranting a similar expansion of the Fed's role, that fact alone can hardly continue to justify the Fed's vast expansion now that the recovery is well - nigh complete.

Just take the first paragraph of the «Vision for Equity»: there's no «we» that can do anything; no major government is likely to agree to «transform the system»; there's no supra - national authority that can enforce things «we must do»; there's no way of defining a «global emissions budget» that would be internationally agreed, let alone a method of enforcing it.

Whilst the Court of Justice alone has jurisdiction to declare an EU act invalid, where a claim is lodged with the national supervisory authorities they may, even where the Commission has adopted a decision finding that a third country affords an adequate level of protection of personal data, examine whether the transfer of a person's data to the third country complies with the requirements of the EU legislation on the protection of that data and, in the same way as the person concerned, bring the matter before the national courts, in order that the national courts make a reference for a preliminary ruling for the purpose of examination of that decision's validity

With respect to «stand alone» actions — i.e. actions initiated without a prior decision by the EC or a national competition authority — there is naturally no decision that could have a binding effect and the claimant will have to prove that an infringement of competition law has occurred.