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  3. The New Economic Governance of the Eurozone
  • Cited by 13
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    • Publisher:
      Cambridge University Press
      Publication date:
      14 July 2022
      28 July 2022
      ISBN:
      9781009216630
      9781009216616
      DOI:
      https://doi.org/10.1017/9781009216630
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.76kg, 426 Pages
      Dimensions:
      Weight & Pages:
      • Subjects:
      Economics, European Law, Macroeconomics, Law
      Series:
      Cambridge Studies in European Law and Policy
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    Subjects:
    Economics, European Law, Macroeconomics, Law
    Series:
    Cambridge Studies in European Law and Policy
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    Book description

    The Eurozone and the European Union have recently been confronted with a number of existential threats. The sovereign debt crisis and the COVID-19 pandemic have forced European decisionmakers to pass important reforms which have radically transformed the nature and scope of the Union's powers in the field of economic and fiscal policy. As the new economic governance of the Eurozone emerges as the main driver of integration in today's Europe, this book seeks to assess the solidity of the constitutional foundations supporting that system, and its compliance with the Union's core founding value: the rule of law. Using 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, leading to a problematic misalignment between the Union's action and its governing principles.

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