2.2. Financing of Political Parties

Thomas Ferguson's Investment Theory of Party Competition (known also as the Investment Theory of Politics) focuses on how business elites, not voters, play the leading part in political systems. The main assertion of the theory is that policy is created by competing business elites and investors, not voters. Consequently, political parties serve business interests, and the State is controlled by the major investors who define the core of political parties. Ferguson even compares financing elections with nuclear race.
The same theory applies toward the political parties on European level who can up to 40% be funded by the Member States' political parties according to Regulation (EC) No 2004/2003 of the European Parliament and the Council of 4 November 2003 on the regulations governing political parties at European level and the rules regarding their funding OJ L 297, 15/11/2003 P. 0001 - 0004.
A crucial question is - who is funding the Member States' parties that form the basis of the Europarties.
The question has been addressed by the Policy Department C: "Citizens' Rights and Constitutional Affairs" of the DG for Internal Policies in a document headed: "How to Create a Transnational Party System?" - a study conducted by the Observatory on Political Parties and Representation (OPPR), part of the European Democracy Observatory (EUDO) at the European University Institute (EUI) in 2010 and presented to the Committee of Constitutional Affairs of the European Parliament on 26 January 2011. The study covers four aspects:
1) An analysis of the political doctrine and programme of major political parties in several Member States; 2) An examination of current procedures applied to political parties to choose leaders for European Office; 3) The development of proposals on how to help a European political party system evolve from national structures strongly influenced by historical traditions and cultural factors;
4) Suggestions regarding the extent to which the European electoral system and different systems of party financing would have to be revised in order to facilitate the above objectives.
These different aspects can, in turn, be profitably grouped into two categories:
- the first and second items concern empirical aspects of party organisation, programmes and functioning at European and Member State levels whose in-depth investigation can be seen as a necessary pre-requisite for the rest of the analysis.
- The remaining items pertain to the more prescriptive aim of the project, and, as such, allegedly require a more speculative reflection.
The main starting‐point for this analysis has been the recognition that the organisation, strategy and styles of competition of political parties are both embedded in, and primarily defined by, national political settings.
The study concludes that while it might have been a relatively easy task to bring together the Socialist or the Christian‐Democratic parties in the EC-6, the political Groups faced a much more challenging situation on the eve of the far-ranging expansion to the ten young democracies of Central and Eastern Europe (CEE), which entered the EU between May 2004 and January 2007.
The Euromanifestos Project (EMP), based at the University of Mannheim in Germany, applies quantitative content analysis to the election manifestos issued by the national and the European-level parties for the European Parliament elections. The theoretical and methodological foundations of the EMP lie in the Comparative Manifestos Project (CMP), a long‐lasting international endeavour, which systematically collected and coded the election manifestos issued by the national political parties for the national elections in the post‐World War II period.
The theoretical and methodological foundations of the EMP lie in the Comparative Manifestos Project (CMP), a long-lasting international endeavour, which systematically collected and coded the election manifestos issued by the national political parties for the national elections in the post‐World War II period (for an extensive presentation, see Budge et al., 2001). National (and European‐level) parties also issue election programmes for the European Parliament elections.

MAIN CONCLUSIONS:
- The wide variety in the numbers of parties at national level can constitute an obstacle for the development of a single EU party system;
- The presence of two or even more national political parties within the same EP group hinders the development of a EU party system;
- The tendency by many national parties to treat their membership in EP groups only in technical terms weakens the process of trans‐national party‐building;
- The fact that all the major Europarties are subjected to the same legal regime may favor the development of a EU party system;
- The building of a trans‐national party system is conditioned by the differences in electoral and political cultures and by the perception of the EP elections as second order contests.

KEY SUMMARY:

- The proposed transnational constituency could foster closer party co‐operation at EU level, by promoting genuine transnational campaigning and EU level party programmes;
Preferential voting, if implemented at EU level, could have a positive impact on the development of the PPELs;
- A strong EU level system of party financing could promote organisational convergence and hence transnational party‐building;
- Despite the positive incentives provided by EC Regulation No. 2004/2003, PPELs remain subordinate to their national components and the EP Groups.

KEY SUMMARY 2:
 
- The development of transnational parties is a necessary but not sufficient condition for the development of a transnational party system;
- The problem of the building of a EU party system is institutional, since the process is hindered by the lack of competition between the parties for control of executive office;
- A genuine transnational party competition might emerge if future institutional reforms modify the Treaty;
- A positive consequence of the lack of executive control functions is that parties in the EP seem to be better able to give voice to the views of European citizens;
- Given the current institutional setting, the role of PPELs could be enhanced through activities such as involvement in the ECI; coordinating parliamentary responses in the new procedures regarding subsidiarity violations; proposing and standing by their own candidates for the Commission presidency.
 
SOME FURTHER SOURCES:
 
Biezen, I. van (2009), Constitutionalizing Party Democracy: The Constitutive Codification of Political Parties in Post‐War Europe, Working Paper Series on the Legal Regulation of Political Parties, No. 3.
http://www.partylaw.bham.ac.uk/pdfs/wp0309

Döring, H. and P. Manow (2010), Parliament and government composition database (ParlGov): An infrastructure for empirical information on parties,elections and governments in modern democracies. – Development version. Available at http://dev.parlgov.org

Gagatek, W. (2010), ‘Campaigning in the European Parliament Elections’ in Gagatek, W. (ed), The 2009 Elections to the European Parliament. Country Reports, Florence: European University Institute, Available at:
http://cadmus.eui.eu/dspace/bitstream/1814/13757/1/EUDO_2009‐EPElections_ CountryReports.pdf
 
About Transparency International (TI), which is the (global) leading civil society organization in the fight against corruption, whiches part is the Transparency International Liaison Office to the EU is part of the global Transparency, see:

On 18 Dec.2007 The Presidents of the European Parliament and of the European Council signed a regulation supporting the development of European political foundations and widening the scope of activities of European political parties: Strengthening European Democracy, political dialogue and voter participation in elections to the European Parliament:
 
Dr. Louis Galea Speech delivered on 26 January 2011 -The view of the Court of Auditors on the funding and financial management of olitical parties at the European level

Council Regulation (EC, Euratom) No 2988/95 of 18 December 1995 on the protection of the European Communities financial interests

Dimitris N. Chryssochou Associate Professor of European Integration Panteion University, Athens.
Europarties and the making of the demos: http://www.europarl.europa.eu/document/activities/cont/201101/20110126ATT12590/20110126ATT12590EN.pdf

Article 7(3) of the United Nations Convention Against Corruption (UNCAC) - which the EU has ratified - as well as in Recommendation (2003)4 of the Committee of Ministers of the Council of Europe on common rules against corruption in the funding of political parties and electoral campaigns, the latter monitored by the Group of States against Corruption – GRECO