The New Economic Governance of the Eurozone: A Rule of Law Analysis

The Eurozone and European Union have faced existential threats from the sovereign debt crisis and COVID-19 pandemic, leading to important reforms in economic and fiscal policy. This book assesses the solidity of the constitutional foundations supporting the Eurozone's economic governance and its compliance with the Union's core founding value: the rule of law. It argues that the recent metamorphosis of Eurozone economic governance has not been accompanied by a parallel strengthening of its constitutional settlement, leading to a problematic misalignment between the Union's action and its governing principles.

Format: Hardback
Length: 376 pages
Publication date: 28 July 2022
Publisher: Cambridge University Press

The Eurozone and the European Union have recently faced a series of profound existential challenges. The sovereign debt crisis and the COVID-19 pandemic have compelled European policymakers to implement significant reforms that have fundamentally altered the nature and scope of the Union's powers in the field of economic and fiscal policy. As the new economic governance framework of the Eurozone emerges as the primary driver of integration in today's Europe, this book aims to evaluate the robustness of the constitutional foundations supporting that system and its alignment with the Union's core founding value: the rule of law. By employing competence allocation, regulatory quality, access to external review, and fundamental rights sustainability as analytical benchmarks, this book argues that the recent metamorphosis of Eurozone economic governance has not been accompanied by a parallel strengthening of its constitutional settlement, resulting in a problematic misalignment between the Union's actions and its governing principles.

The Eurozone and the European Union have recently faced a series of profound existential challenges. The sovereign debt crisis and the COVID-19 pandemic have compelled European policymakers to implement significant reforms that have fundamentally altered the nature and scope of the Union's powers in the field of economic and fiscal policy. As the new economic governance framework of the Eurozone emerges as the primary driver of integration in today's Europe, this book aims to evaluate the robustness of the constitutional foundations supporting that system and its alignment with the Union's core founding value: the rule of law. By employing competence allocation, regulatory quality, access to external review, and fundamental rights sustainability as analytical benchmarks, this book argues that the recent metamorphosis of Eurozone economic governance has not been accompanied by a parallel strengthening of its constitutional settlement, resulting in a problematic misalignment between the Union's actions and its governing principles.

The Eurozone and the European Union have recently faced a series of profound existential challenges. The sovereign debt crisis and the COVID-19 pandemic have compelled European policymakers to implement significant reforms that have fundamentally altered the nature and scope of the Union's powers in the field of economic and fiscal policy. As the new economic governance framework of the Eurozone emerges as the primary driver of integration in today's Europe, this book aims to evaluate the robustness of the constitutional foundations supporting that system and its alignment with the Union's core founding value: the rule of law. By employing competence allocation, regulatory quality, access to external review, and fundamental rights sustainability as analytical benchmarks, this book argues that the recent metamorphosis of Eurozone economic governance has not been accompanied by a parallel strengthening of its constitutional settlement, resulting in a problematic misalignment between the Union's actions and its governing principles.

Weight: 756g
Dimension: 158 x 236 x 31 (mm)
ISBN-13: 9781009216616