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The pursuit of stability of the Euro...

Lionello, Luca.

The pursuit of stability of the Euro area as a wholethe reform of the European economic union and perspectives of fiscal integration /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The pursuit of stability of the Euro area as a wholeby Luca Lionello.
Reminder of title:	the reform of the European economic union and perspectives of fiscal integration /
Author:	Lionello, Luca.
Published:	Cham :Springer International Publishing :2020.
Description:	xv, 243 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	European Union countriesEconomic integration.
Online resource:	https://doi.org/10.1007/978-3-030-28045-1
ISBN:	9783030280451$q(electronic bk.)

The pursuit of stability of the Euro area as a wholethe reform of the European economic union and perspectives of fiscal integration /
Lionello, Luca.

The pursuit of stability of the Euro area as a wholethe reform of the European economic union and perspectives of fiscal integration /[electronic resource] :by Luca Lionello. - Cham :Springer International Publishing :2020. - xv, 243 p. :ill., digital ;24 cm. - Studies in European economic law and regulation,v.182214-2037 ;. - Studies in European economic law and regulation ;v.1..

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.

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.

ISBN: 9783030280451$q(electronic bk.)

Standard No.: 10.1007/978-3-030-28045-1doiSubjects--Topical Terms:

864962
European Union countries
--Economic integration.

LC Class. No.: HC241

Dewey Class. No.: 337.142

The pursuit of stability of the Euro area as a wholethe reform of the European economic union and perspectives of fiscal integration /
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