Democracy in the EMU in the Aftermath of the Crisis

1. Front Matter

   Pages i-xxiii

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2. The New Institutional Balance and Democracy

   1. Front Matter

      Pages 1-1

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   2. Democratic Principles and the Economic Branch of the European Monetary Union

      • Massimo Starita

      Pages 3-26

   3. The Democratic Foundations of the EMU: The European Parliament and the National Parliaments Between Cooperation and Rivalry

      • Francesco Martucci

      Pages 27-50

   4. From Subordinated to Prominent: The Role of the European Commission in EMU. Reflections on Euro Area Democracy

      • René Smits

      Pages 51-71

   5. More or Less Intergovernmental Cooperation Within the New EMU?

      • Frédéric Allemand

      Pages 73-99

   6. The Economic Dialogue: An Effective Accountability Mechanism?

      • Sergio De la Parra

      Pages 101-120

   7. The Euro-Crisis, EMU and the Perils of Centralisation

      • Federico Fabbrini

      Pages 121-139

   8. Institutional Balance, Democracy and Agenda Setting in the European Union

      • Francesca Martines

      Pages 141-159

   9. Fiscal Councils: Threat or Opportunity for Democracy in the Post-Crisis Economic and Monetary Union?

      • Cristina Fasone, Diane Fromage

      Pages 161-178

   10. Does the Eurozone Need Its Own Parliament? Legal Necessity and Feasibility of a Eurozone Parliamentary Scrutiny

       • Luca Lionello

       Pages 179-194

   11. Respecting the Democratic Principle in ESM Activities Related to the Context of the Economic and Financial Crisis

       • Pierluigi Simone

       Pages 195-214

3. The European Central Bank and Democracy

   1. Front Matter

      Pages 215-215

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   2. How the ECB Reinterpreted Its Mandate During the Euro-Crisis (and Why It Was Right in Doing So)

      • Susanna Cafaro

      Pages 217-233

   3. Criteria for Determining the Legality of the ECB’s Unconventional Measures

      • Fabio Bassan

      Pages 235-248

   4. The European Central Bank (ECB) and European Democracy: A Technocratic Institution to Rule All European States?

      • Giulio Peroni

      Pages 249-264

4. The EMU and the Banking System

   1. Front Matter

      Pages 265-265

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   2. Financial Challenges to Solidarity: Building the European Banking Union in Times of Crisis

      • Annamaria Viterbo

      Pages 267-282

   3. The Quest for Financial Stability and Democracy in the Banking Union: Promoting Institutional Transformation and Regulatory Evolution Through Unconventional Means

      • Roberto Cisotta

      Pages 283-298

   4. Negative Democratic Externalities in the European Banking System

      • Matteo Ortino

      Pages 299-317

The book covers some of the major issues concerning the problematic relationship between respect for democratic principles and the new European Economic Governance. Innovative approaches are highlighted throughout the book: new frameworks and arrangements are proposed on the basis of efficiency analyses, as well as their institutional and legal suitability. Though the perspective adopted is essentially a legal one, the economic and policy background are also given due consideration.
The papers presented here offer a balanced mix of empirical (including comparative) and theoretical analysis; several also combine the two approaches, carrying out empirical analyses, then setting the results against theoretical options. Given the relative dearth of literature on democratic principles and the EMU, let alone a comprehensive enquiry, the book marks a valuable new contribution. 

• European law
• Banking law
• European Central Bank
• Democratic deficit
• Financial crisis
• EMU
• European banking system
• european union politics

• Department of Public Law, University of Rome "Tor Vergata", Rome, Italy

  Luigi Daniele, Pierluigi Simone

• Italian Ministry of Foreign Affairs and International Cooperation, Rome, Italy

  Roberto Cisotta

Luigi Daniele, Department of Public Law, University of Rome “Tor Vergata”, Roma, ItalyPierluigi Simone, University of Rome “Tor Vergata”, Roma, Italy
Roberto Cisotta, Italian Ministry of Foreign Affairs and International Cooperation, Rome, Italy

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