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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law
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The Constitutionalization of European Budgetary Constraints (Hardcover)
Loot Price: R3,401
Discovery Miles 34 010
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The Constitutionalization of European Budgetary Constraints (Hardcover)
Series: Modern Studies in European Law
Expected to ship within 12 - 19 working days
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The recently enacted Treaty on the Stability, Coordination and
Governance of the Economic and Monetary Union (generally referred
to as the Fiscal Compact) has introduced a 'golden rule', which is
a detailed obligation that government budgets be balanced.
Moreover, it required the 25 members of the EU which signed the
Treaty in March 2012, to incorporate this 'golden rule' within
their national Constitutions. This requirement represents a major
and unprecedented development, raising formidable challenges to the
nature and legitimacy of national Constitutions as well as to the
future of the European integration project. This book analyses the
new constitutional architecture of the European Economic and
Monetary Union (EMU), examines in a comparative perspective the
constitutionalization of budgetary rules in the legal systems of
the Member States, and discusses the implications of these
constitutional changes for the future of democracy and integration
in the EU. By combining insights from law and economics,
comparative institutional analysis and legal theory, the book
offers a comprehensive survey of the constitutional incorporation
of new fiscal and budgetary rules across Europe and a systematic
normative discussion of the legitimacy issues at play. It thus
contributes to a better understanding of the Euro-crisis, of the
future of the EU, and the reforms needed towards a deeper and
genuine EMU.
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