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The Pursuit of Stability of the Euro Area as a Whole: The Reform of the European Economic Union and Perspectives of Fiscal Integration

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The Pursuit of Stability of the Euro Area as a Whole: The Reform of the European Economic Union and Perspectives of Fiscal Integration
BOOK DOWNLOAD

The Pursuit of Stability of the Euro Area as a Whole: The Reform of the European Economic Union and Perspectives of Fiscal Integration

20.00$

(Studies in European Economic Law and Regulation) 1st ed. 2020 Edition 

by Luca Lionello (Author) 

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.

Year:
2020
Pages:
256
Language:
English
Format:
PDF
Size:
3 MB
Publisher:
Springer
ISBN-10:
3030280446
ISBN-13:
978-3030280444
ASIN:
B07Z4MNL3J