Democracy in the EMU in the Aftermath of the Crisis

Democracy in the EMU in the Aftermath of the Crisis PDF

Author: Luigi Daniele

Publisher: Springer

Published: 2017-04-21

Total Pages: 409

ISBN-13: 3319538950

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The book covers some of the major issues concerning the problematic relationship between respect for democratic principles and the new European Economic Governance. Innovative approaches are highlighted throughout the book: new frameworks and arrangements are proposed on the basis of efficiency analyses, as well as their institutional and legal suitability. Though the perspective adopted is essentially a legal one, the economic and policy background are also given due consideration.The papers presented here offer a balanced mix of empirical (including comparative) and theoretical analysis; several also combine the two approaches, carrying out empirical analyses, then setting the results against theoretical options. Given the relative dearth of literature on democratic principles and the EMU, let alone a comprehensive enquiry, the book marks a valuable new contribution.

Democratic Politics in a European Union Under Stress

Democratic Politics in a European Union Under Stress PDF

Author: Olaf Cramme

Publisher: Oxford University Press, USA

Published: 2015

Total Pages: 273

ISBN-13: 0198724489

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This book offers the first comprehensive political analysis of the Euro crisis that erupted in Greece in 2010 and subsequently threatened the very survival of the Euro area. It has left a profound mark on democratic politics all over Europe, changing public attitudes and voting preferences, institutional and societal norms, and deeply anchored political traditions. The contributors to this volume reveal the extent to which policymakers are torn between the pressures emanating from financial markets and the demands put forward by their own constituents; how they struggle to reconcile national preferences with wider European interests; and how a polarized and politicized Union seeks to maintain some degree of cohesion. The emerging picture is that of a European Union under serious stress, transformed by new governance structures and a shifting balance of power. In response, the authors evaluate the prospects of a more legitimate and democratic Europe. They provide a rich and pluralist set of new analyses and proposals, aimed at understanding and navigating the myriad tensions which surround the EU in the aftermath of the crisis. If the European project is to regain the trust of its citizens, such considerations must take a central place in public debate.

Financial Crisis Management and Democracy

Financial Crisis Management and Democracy PDF

Author: Bettina De Souza Guilherme

Publisher: Springer Nature

Published: 2020-12-09

Total Pages: 372

ISBN-13: 3030548953

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This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.

Democratic Legitimation of Central Bank Independence in the European Union

Democratic Legitimation of Central Bank Independence in the European Union PDF

Author: Cornelia Manger-Nestler

Publisher: Springer Nature

Published: 2021-05-29

Total Pages: 177

ISBN-13: 3030751155

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This short monograph examines the tense relationship between central bank independence and democratic legitimation, which has changed as the European Central Bank (ECB) has been entrusted with new tasks and faced unprecedented challenges. The financial and sovereign debt crisis, in particular, has affected the ECB's position within the Economic and Monetary Union without substantial changes in the Union's legal framework. However, the evolution of an institution primarily obligated to maintain price stability into an actor involved in sustaining financial stability, performing banking supervision and supporting economic policy raises the question of whether the high level of autonomy granted to the ECB is justified with regard to the principle of democracy that demands adequate accountability and control. This book identifies requirements for the democratic legitimation of central bank action in relation to specific tasks. Further, it analyses other scales of independence encountered in EU law in order to allow readers to gain a better conceptual understanding of central bank independence.

The Pursuit of Stability of the Euro Area as a Whole

The Pursuit of Stability of the Euro Area as a Whole PDF

Author: Luca Lionello

Publisher: Springer Nature

Published: 2019-10-14

Total Pages: 243

ISBN-13: 3030280454

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This book analyses the ongoing reform of the European economic union in the light of the new objective of ‘stability of the euro area as a whole’ in Article 136(3) TFEU. On the basis of the relevant legal sources, it qualifies this objective as the obligation to preserve the existence of the monetary union, the establishment of which was an EU goal laid down in Article 3(4) TEU. While to date the objective has been achieved through fiscal and macroeconomic consolidation in the member states and the activation of stabilisation mechanisms in cases of emergency, the book argues that full stability requires a better system of economic governance, either through a process of partial fiscal centralisation or the return to a more efficient and sustainable market discipline of public finances. It also analyses the concrete legal challenges these raise, including compliance with the conferral principle, the longstanding democratic deficit of the governance and the balance between financial solidarity and fiscal responsibility.

The Euro Crisis

The Euro Crisis PDF

Author: P. Arestis

Publisher: Springer

Published: 2012-04-05

Total Pages: 276

ISBN-13: 0230393543

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A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the possible outcomes and uncertain future of the European Union and its currency. Chapters include case studies of Portugal, Ireland, Spain and Greece, as well as broader comparative perspectives.

The Future of the European Union

The Future of the European Union PDF

Author: Konstanty Adam Wojtaszczyk

Publisher: Logos Verlag Berlin GmbH

Published: 2023-09-08

Total Pages: 394

ISBN-13: 383258272X

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The monograph `The Future of the European Union' as well as the publication that precedes it `European Integration: Conditions, Essence and Consequences’ have been compiled as part of the project `Quo vadis Unio? a racja stanu Polski' under the DIALOG research programme between 2019 and 2023. It is the result of contributions by Europeanists, political scientists, lawyers, economists, cultural scholars and historians who study the issues of European integration. The content presented in both publications reflects the research outcomes and views of the individual authors. The first of these publications was designed as an attempt to summarise the integration process to date and its legal and institutional dimension, which is the contemporary European Union. The publication ‘The Future of the European Union’ consists of five parts: `The Concepts of Reforms of the European Union', `The Future Modernisation of the Institutional System of the European Union', `Selected EU Policies – Future Prospects', `The European Union – the External Determinants of Further Development', `The Perspectives on the Theoretical Dimension of European Studies'. We hope that the issues raised in this monograph will be of interest to potential readers, especially academics and students interested in European integration issues. Insight into these issues may also be useful to government officials and NGO activists, as well as to a wide audience interested in European issues. These objectives may be more achievable after reading both of these monographs dedicated to European integration issues.

EMU Integration and Member States’ Constitutions

EMU Integration and Member States’ Constitutions PDF

Author: Stefan Griller

Publisher: Bloomsbury Publishing

Published: 2021-02-25

Total Pages: 803

ISBN-13: 1509935800

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In this book, legal scholars from the EU Member States (with the addition of the UK) analyse the development of the EU Member States' attitudes to economic, fiscal, and monetary integration since the Treaty of Maastricht. The Eurozone crisis corroborated the warnings of economists that weak economic policy coordination and loose fiscal oversight would be insufficient to stabilise the monetary union. The country studies in this book investigate the legal, and in particular the constitutional, pre-conditions for deeper fiscal and monetary integration that influenced the past and might impact on the future positions in the (now) 27 EU Member States. The individual country studies address the following issues: - Main characteristics of the national constitutional system, and constitutional culture; - Constitutional foundations of Economic and Monetary Union (EMU) membership and related instruments; - Constitutional obstacles to EMU integration; - Constitutional rules and/or practice on implementing EMU-related law; and - The resulting relationship between EMU-related law and national law Offering a comprehensive and detailed assessment of the legal and constitutional developments concerning the Economic and Monetary Union since the Treaty of Maastricht, this book provides not only a study of legal EMU-related measures and reforms at the EU level, but most importantly sheds light on their perception in the EU Member States.

Treaty on the Functioning of the European Union - a Commentary

Treaty on the Functioning of the European Union - a Commentary PDF

Author: Robert Böttner

Publisher: Springer Nature

Published: 2023

Total Pages: 1510

ISBN-13: 3031423615

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The Commentary on the Treaty on the Functioning of the European Union (four volumes) is a major European project that aims to contribute to the development of ever closer conceptual and dogmatic standpoints with regard to the creation of “Europeanised research on Union law”. Following on from the Commentary on the Treaty on European Union, this book presents detailed explanations, article by article, of all the provisions of the TFEU, discussing the application of Union law in the national legal orders and its interpretation by the Court of Justice of the EU. The authors are academics and practitioners from all across Europe and different legal traditions, some from a constitutional law background, others experts in the field of international law and EU law. Reflecting the various approaches to European legal culture, this book promotes a system concept of European Union law toward more unity notwithstanding its rich diversity grounded in national traditions.

The European Monetary Union

The European Monetary Union PDF

Author: Helmut Siekmann

Publisher: Bloomsbury Publishing

Published: 2021-12-23

Total Pages: 1536

ISBN-13: 1509918973

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This book provides a commentary on the law of the EU related to the Monetary Union. It contains a comprehensive analysis of all provisions of the Statute of the European System of Central Banks (ESCB) and the European Central Bank (ECB). In addition, the book also analyses all provisions of the Treaties themselves which regulate the ESCB and the ECB. This analysis is supplemented by commentaries on other Protocols which contain relevant rules for the Monetary Union. In essence, all relevant statutory rules governing the euro and its key monetary authority, the European Central Bank, are unfolded and explained in one volume. This gives the book a unique position in the legal literature on the law of the EU. With contributions by renowned academics and practitioners, this book is an expanded and updated translation of the 2013 German commentary, EWU Kommentar zu Europäischen Währungsunion (Mohr Siebeck) and is an invaluable resource for practitioners and academics alike who are looking for a provision-by-provision commentary on the laws governing the European Monetary Union.