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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The Currency of Solidarity - Constitutional Transformation during the Euro Crisis (Hardcover)
Loot Price: R3,467
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The Currency of Solidarity - Constitutional Transformation during the Euro Crisis (Hardcover)
Series: Cambridge Studies in European Law and Policy
Expected to ship within 12 - 17 working days
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In their fight against the debt crisis, the European Union and its
member states took measures that have profoundly changed the euro.
It now differs fundamentally from when it was introduced by the
Treaty of Maastricht. Surprisingly, this change has come about with
hardly any formal amendment to the Union's 'basic constitutional
charter', the Treaties. How, then, to understand it? This book
argues that the constitution of the EU has transformed, which
occurs when constitutions change without amendment. The
transformation is characterized by a broadening of the currency
union's stability conception from price stability to also financial
stability. Using solidarity as a lens, the book conceptualises the
unity of the member states and analyses how this was preserved
during the crisis. Subsequently, it explains how that changed the
currency union's set-up and why the European Court of Justice could
not turn against the change in Pringle and Gauweiler.
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