The Currency of Solidarity

The Currency of Solidarity
Author: Vestert Borger
Publisher:
Total Pages:
Release: 2020
Genre: Euro
ISBN: 9781108864633

"In their fight against the debt crisis, the EU and its member states took measures that have profoundly changed the euro. As a result, it now differs fundamentally from when it was introduced by the Treaty of Maastricht. Surprisingly, this change has come about with hardly any formal amendment to the Union's 'basic constitutional charter', the Treaties. How, then, to understand this change? This book argues that the constitution of the EU has transformed, which occurs when constitutions change without amendment. The transformation is characterized by a broadening of the currency union conception of stability. Whereas it used to grant overriding importance to price stability, it now also attributes great significance to financial stability. Financial assistance operations for distressed member states well as government bond purchases by the European Central Bank are its key manifestations. Using solidarity as its lens, the book conceptualises the unity of the member states and analyses how this was preserved by political leaders during the crisis. It then shows how this changed the euro's legal set-up of and why the ECJ could not turn against this change in Pringle and Gauweiler"--

Constitutional Change through Euro-Crisis Law

Constitutional Change through Euro-Crisis Law
Author: Thomas Beukers
Publisher: Cambridge University Press
Total Pages: 356
Release: 2017-07-06
Genre: Law
ISBN: 1316885658

Constitutional Change through Euro-Crisis Law contains a comparative constitutional analysis of the impact of a very broad range of euro-crisis law instruments on the EU and national constitutions. It covers contrasting assessments of the impact of euro-crisis law on national parliaments, various types of criticism on the EU economic governance framework, different views on what is needed to improve the multilevel system of economic governance, and valuable insights into the nature of emergency discourse in the legislative arena and of the spillover from the political to the judicial sphere. In addition, it deals with how bailout countries, even if part of the same group of euro area Member States subject to a programme, have reacted differently to the crisis.

The Euro Area Crisis in Constitutional Perspective

The Euro Area Crisis in Constitutional Perspective
Author: Alicia Hinarejos Parga
Publisher: Oxford University Press, USA
Total Pages: 241
Release: 2015
Genre: Business & Economics
ISBN: 0198714955

A critical analysis of the evolution of Economic and Monetary Union, this book examines the changes brought about by the financial crisis. Tackling the uncertain future of economic and fiscal integration, it focuses on the constitutional obstacles to integration and provides a compelling account of key dilemmas facing the European Union today.

The Euro Crisis and Constitutional Pluralism

The Euro Crisis and Constitutional Pluralism
Author: Tomi Tuominen
Publisher: Edward Elgar Publishing
Total Pages: 272
Release: 2021-06-25
Genre: Law
ISBN: 1800371594

This insightful book assesses the theory of constitutional pluralism in light of the events of the Eurozone crisis of the past decade. Based on an analysis of how national courts reviewed the crisis response mechanisms and participated in the European-level political process, Tomi Tuominen argues that constitutional pluralism is not a valid normative theory of European constitutionalism.

The Brussels Effect

The Brussels Effect
Author: Anu Bradford
Publisher: Oxford University Press
Total Pages: 425
Release: 2020-01-27
Genre: Law
ISBN: 0190088591

For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.

Constitutions in Times of Financial Crisis

Constitutions in Times of Financial Crisis
Author: Tom Ginsburg
Publisher: Cambridge University Press
Total Pages: 342
Release: 2022-06-30
Genre: Law
ISBN: 9781108729208

Many constitutions include provisions intended to limit the discretion of governments in economic policy. In times of financial crises, such provisions often come under pressure as a result of calls for exceptional responses to crisis situations. This volume assesses the ability of constitutional orders all over the world to cope with financial crises, and the demands for emergency powers that typically accompany them. Bringing together a variety of perspectives from legal scholars, economists, and political scientists, this volume traces the long-run implications of financial crises for constitutional order. In exploring the theoretical and practical problems raised by the constitutionalization of economic policy during times of severe crisis, this volume showcases an array of constitutional design options and the ways they channel governmental responses to emergency.

The Politics of Crisis in Europe

The Politics of Crisis in Europe
Author: Mai'a K. Davis Cross
Publisher: Cambridge University Press
Total Pages: 259
Release: 2017-03-02
Genre: Business & Economics
ISBN: 1107147832

An analysis of the repeated existential crises affecting the resilience of the European Union in the twenty-first century.

European Constitutional Law

European Constitutional Law
Author: Robert Schütze
Publisher: Cambridge University Press
Total Pages: 539
Release: 2012-04-05
Genre: Law
ISBN: 0521504902

This textbook on European constitutional law offers a coherent and scholarly analysis presented within a clear structure.

Authoritarian Liberalism and the Transformation of Modern Europe

Authoritarian Liberalism and the Transformation of Modern Europe
Author: Michael A. Wilkinson
Publisher: Oxford University Press
Total Pages: 353
Release: 2021
Genre: Law
ISBN: 0198854757

This book uses constitutional analysis and theory to explore the transformation of Europe from the post-war era until the Euro-crisis. Authoritarian liberalism has developed over these years and, as the book suggests, is now perhaps reaching its limit. This book uses history and theory to reveal the EU's journey and highlight future challenges.

Politics of Last Resort

Politics of Last Resort
Author: Jonathan White
Publisher:
Total Pages: 240
Release: 2020
Genre: Law
ISBN: 0198791720

The book examines how a certain way of governing, invoking exceptional measures for exceptional times, has become central to the workings of the European Union.