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Persistent link: https://www.econbiz.de/10010234071
project and on the “economic constitution” which the EMU, as accomplished by the Treaty of Maastricht, were expected to …
Persistent link: https://www.econbiz.de/10013089590
The financial crisis, and resulting crisis with the Euro, has had profound effects on the EU, and its Member States, even those that do not form part of the Euro zone. It has generated a welter of measures to combat the ‘problem' and this flurry of initiatives has not yet come to an end, nor...
Persistent link: https://www.econbiz.de/10013054470
Constitution and the European constitutional theory were tested. A number of rather serious issues were raised concerning the … interpretation of the Constitution, the relationship between national Constitution, EU legal order and international law and the … Constitution itself, either through informal constitutional changes or through the formal amendment process. The main finding of …
Persistent link: https://www.econbiz.de/10013248010
The financial crisis is arguably the most significant challenge to the EU since the inception of the EEC. It has generated an array of political, legal and institutional responses the complexity of which is daunting in itself. The current paper considers these developments, and places them...
Persistent link: https://www.econbiz.de/10013032011
Among the many meanings given to the idea of a European ‘constitution’, perhaps the most widespread relates to the … power the EU obviously lacks on its own. We can call this the ‘metabolic constitution’ of the EU, a term meant to focus our … attention on the capacity of a polity to convert resources into work toward public ends. The EU’s metabolic constitution is …
Persistent link: https://www.econbiz.de/10014091034
This article examines two distinct types of narratives prevalent in academic writing and popular press regarding the causes of the crisis in Europe. The first type, a morality tale, attributes the crisis to profligate southern states that refused to abide by the strictures of the Stability and...
Persistent link: https://www.econbiz.de/10013086279
Against the backdrop of the current euro area crisis and the imbalance at the heart of the Economic and Monetary Union, this paper will explore the current state of fiscal integration, as well as its likely future and limits. It will do so by, first, creating a ‘map to fiscal integration’...
Persistent link: https://www.econbiz.de/10014165701
When things go wrong, it is always good to find someone to blame. As the credit crisis started to unfold in 2007, credit rating agencies (“CRAs”) emerged as the villain – or scapegoat, one might say – for commentators and regulators alike. To sum up, observers accused CRAs of doing a...
Persistent link: https://www.econbiz.de/10013120955
Persistent link: https://www.econbiz.de/10012614318