LEADER 03924nam 22006735 450 001 9910366571103321 005 20200705004837.0 010 $a3-030-28045-4 024 7 $a10.1007/978-3-030-28045-1 035 $a(CKB)4100000009523014 035 $a(MiAaPQ)EBC5945094 035 $a(DE-He213)978-3-030-28045-1 035 $a(EXLCZ)994100000009523014 100 $a20191014d2020 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Pursuit of Stability of the Euro Area as a Whole $eThe Reform of the European Economic Union and Perspectives of Fiscal Integration /$fby Luca Lionello 205 $a1st ed. 2020. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2020. 215 $a1 online resource (256 pages) 225 1 $aStudies in European Economic Law and Regulation,$x2214-2037 ;$v18 311 $a3-030-28044-6 327 $aGeneral 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. 330 $aThis book analyses the ongoing reform of the European economic union in the light of the new objective of ?stability of the euro area as a whole? in Article 136(3) TFEU. On the basis of the relevant legal sources, it qualifies this objective as the obligation to preserve the existence of the monetary union, the establishment of which was an EU goal laid down in Article 3(4) TEU. While to date the objective has been achieved through fiscal and macroeconomic consolidation in the member states and the activation of stabilisation mechanisms in cases of emergency, the book argues that full stability requires a better system of economic governance, either through a process of partial fiscal centralisation or the return to a more efficient and sustainable market discipline of public finances. It also analyses the concrete legal challenges these raise, including compliance with the conferral principle, the longstanding democratic deficit of the governance and the balance between financial solidarity and fiscal responsibility. 410 0$aStudies in European Economic Law and Regulation,$x2214-2037 ;$v18 606 $aLaw?Europe 606 $aFinance, Public 606 $aInternational law 606 $aTrade 606 $aEuropean Union 606 $aEuropean Economic Community literature 606 $aEuropean Law$3https://scigraph.springernature.com/ontologies/product-market-codes/R20000 606 $aFinancial Law/Fiscal Law$3https://scigraph.springernature.com/ontologies/product-market-codes/R17044 606 $aInternational Economic Law, Trade Law$3https://scigraph.springernature.com/ontologies/product-market-codes/R19050 606 $aEuropean Union Politics$3https://scigraph.springernature.com/ontologies/product-market-codes/911140 606 $aEuropean Integration$3https://scigraph.springernature.com/ontologies/product-market-codes/W33010 615 0$aLaw?Europe. 615 0$aFinance, Public. 615 0$aInternational law. 615 0$aTrade. 615 0$aEuropean Union. 615 0$aEuropean Economic Community literature. 615 14$aEuropean Law. 615 24$aFinancial Law/Fiscal Law. 615 24$aInternational Economic Law, Trade Law. 615 24$aEuropean Union Politics. 615 24$aEuropean Integration. 676 $a337.142 700 $aLionello$b Luca$4aut$4http://id.loc.gov/vocabulary/relators/aut$0787632 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910366571103321 996 $aThe Pursuit of Stability of the Euro Area as a Whole$92210323 997 $aUNINA