Economic Governance in Europe: Comparative Paradoxes, Constitutional Challenges

Hardcover | February 27, 2016

byFederico Fabbrini

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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 havechanged 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 EUmember 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 inbudgetary 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 importantconstitutional 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, devisespossible 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 discussesthe challenges that accompany any further step towards a deeper Economic and Monetary Union.

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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 havechanged relations of power in the EU, disaggre...

Federico Fabbrini is Associate Professor of European and International Law at iCourts (Center of Excellence on International Courts), Faculty of Law, University of Copenhagen. He holds a PhD in Law from the European University Institute and clerked for Justice Sabino Cassese at the Italian Constitutional Court. He is the author of four...

other books by Federico Fabbrini

Format:HardcoverDimensions:336 pages, 9.21 × 6.14 × 0.98 inPublished:February 27, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198749139

ISBN - 13:9780198749134

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Table of Contents

Introduction: The New Constitutional Architecture of European GovernancePart I: Accident and Force1. The Paradox of Centralization2. The Paradox of Judicialization3. The Paradox of DominationPart II: Reflection and Choice4. From Fiscal Constraints to Fiscal Capacity5. Form Legislative Side-Lining to Legislative Involvement6. From Executive Federalism to Executive GovernmentConclusion: For a 'More Perfect' Economic and Monetary Union