The book presents a survey of the law relating to secured transactions in all member states of the European Union. Following the Common Core Approach, the national reports are centered around 15 hypothetical cases dealing with the most important issues of secured transactions law such as the creation of security rights in different business situations, the relationship between debtor and secured creditor, the nature of the creditor's rights and their enforcement as against third parties. Each case is followed by a comparative summary. A general report evaluates the possibilities of European harmonization.