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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 / / by Luca Lionello



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Autore: Lionello Luca Visualizza persona
Titolo: The Pursuit of Stability of the Euro Area as a Whole : The Reform of the European Economic Union and Perspectives of Fiscal Integration / / by Luca Lionello Visualizza cluster
Pubblicazione: Cham : , : Springer International Publishing : , : Imprint : Springer, , 2020
Edizione: 1st ed. 2020.
Descrizione fisica: 1 online resource (256 pages)
Disciplina: 337.142
Soggetto topico: Law—Europe
Finance, Public
International law
Trade
European Union
European Economic Community literature
European Law
Financial Law/Fiscal Law
International Economic Law, Trade Law
European Union Politics
European Integration
Nota di contenuto: 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.
Sommario/riassunto: 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.
Titolo autorizzato: The Pursuit of Stability of the Euro Area as a Whole  Visualizza cluster
ISBN: 3-030-28045-4
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910366571103321
Lo trovi qui: Univ. Federico II
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Serie: Studies in European Economic Law and Regulation, . 2214-2037 ; ; 18