The Euro Area Crisis in Constitutional Perspective

Hardcover | June 14, 2015

byAlicia Hinarejos

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The euro area sovereign debt crisis has been the greatest threat to the euro since its inception, but the consequences of the crisis go well beyond the realm of macroeconomics: the crisis has cast doubt on the viability of a mechanism of integration such as the one envisaged in Economic andMonetary Union (EMU), and on the future of the European Union as a political project in the face of citizens' growing disaffection. The various responses to the crisis have not only altered the principles underlying EMU; they have also had a profound impact on the constitutional orders of the EU andits Member States.This book focuses on the euro area crisis and its aftermath from a constitutional perspective. It provides a critical analysis of the workings and evolution of Economic and Monetary Union, the changes brought by the crisis and their broader effects, and the constitutional obstacles to integration inthis area. Looking forward, it tackles the uncertain future of economic and fiscal integration and the challenges posed. This is a compelling and incisive account of some of the most significant developments and dilemmas facing the European Union since its creation.

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The euro area sovereign debt crisis has been the greatest threat to the euro since its inception, but the consequences of the crisis go well beyond the realm of macroeconomics: the crisis has cast doubt on the viability of a mechanism of integration such as the one envisaged in Economic andMonetary Union (EMU), and on the future of the...

Alicia Hinarejos is a University Lecturer at the Faculty of Law, University of Cambridge, and a Fellow of Downing College.

other books by Alicia Hinarejos

Format:HardcoverDimensions:256 pages, 9.21 × 6.14 × 0.98 inPublished:June 14, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198714955

ISBN - 13:9780198714958

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Table of Contents

Introduction1. An Asymmetric Economic and Monetary Union2. The Euro Area Crisis3. The Responses to the Crisis4. The Evolution of EMU: Challenges and Underlying Principles5. The Mechanics of EMU Integration and Questions of Competence6. Intergovernmentalism7. The Shapes and Problems of Multi-speed integration8. The Courts and the Crisis9. Constitutional Obstacles to Further Integration10. The Future of EMU: Models of IntegrationConclusion