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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law
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Economic Governance in Europe - Comparative Paradoxes and Constitutional Challenges (Hardcover)
Loot Price: R2,093
Discovery Miles 20 930
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Economic Governance in Europe - Comparative Paradoxes and Constitutional Challenges (Hardcover)
Series: Oxford Studies in European Law
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The Euro-Crisis and the legal and institutional responses to it
have had important constitutional implications on the architecture
of the European Union (EU). Going beyond the existing literature,
Federico Fabbrini's book takes a broad look and examines how the
crisis and its aftermath have changed relations of power in the EU,
disaggregating three different dimensions: (1) the vertical
relations of power between the member states and the EU
institutions, (2) the relations of power between the political
branches and the courts, and (3) the horizontal relations of power
between the EU member states themselves. The first part of the book
argues that, in the aftermath of the Euro-crisis, power has been
shifting along each of these axes in paradoxical ways. In
particular, through a comparison of the United States, Fabbrini
reveals that the EU is nowadays characterized by a high degree of
centralization in budgetary affairs, an unprecedented level of
judicialization of economic questions, and a growing imbalance
between the member states in the governance of fiscal matters. As
the book makes clear, however, each of these dynamics is a cause
for concern - as it calls into question important constitutional
values for the EU, such as the autonomy of the member states in
taking decision about taxing and spending, the preeminence of the
political process in settling economic matters, and the balance
between state power and state equality. The second part of the
book, therefore, devises possible options for future legal and
institutional developments in the EU which may revert these
paradoxical trends. In particular, Fabbrini considers the ideas of
raising a fiscal capacitiy, restoring the centrality of the EU
legislative process, and reforming the EU executive power, and
discusses the challenges that accompany any further step towards a
deeper Economic and Monetary Union.
General
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