The Pursuit of Stability of the Euro Area As a Whole : the Reform of the European Economic Union and Perspectives of Fiscal Integration / Luca Lionello.
2020
HC241
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Title
The Pursuit of Stability of the Euro Area As a Whole : the Reform of the European Economic Union and Perspectives of Fiscal Integration / Luca Lionello.
Author
Lionello, Luca.
ISBN
9783030280451 (electronic book)
3030280454 (electronic book)
9783030280444
3030280454 (electronic book)
9783030280444
Publication Details
Cham : Springer, ©2020.
Language
English
Description
1 online resource (256 pages)
Call Number
HC241
Dewey Decimal Classification
337.1/42
Summary
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.
Bibliography, etc. Note
Includes bibliographical references and index.
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Access limited to authorized users.
Source of Description
Description based on print version record.
Series
Studies in European economic law and regulation ; v. 18.
Available in Other Form
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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Table of Contents
General introduction
1 The objective of stability of the euro area as a whole
2 Achieving stability in the economic union: tools, policies and deficits of the current governance model
3 Completing the economic union for a better achievement of stability
General conclusion.
1 The objective of stability of the euro area as a whole
2 Achieving stability in the economic union: tools, policies and deficits of the current governance model
3 Completing the economic union for a better achievement of stability
General conclusion.