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Studies in European Economic Law and Regulation

The Pursuit of Stability of the Euro Area as a Whole

The Reform of the European Economic Union and Perspectives of Fiscal Integration

Authors: Lionello, Luca

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  • Represents the first analysis of the objective of the “stability of the euro area as a whole” in Article 136(3) TFEU
  • Contributes to the ongoing debate on the reform of the eurozone by identifying the different proposals advanced to date and analysing the legal challenges for their implementation
  • Takes into consideration the most relevant contributions of the academic doctrine published in English, German, French and Italian
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eBook 93,08 €
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  • ISBN 978-3-030-28045-1
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Hardcover 114,39 €
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  • ISBN 978-3-030-28044-4
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About this book

This book analyses the ongoing reform of the European economic union in the light of the new objective of ‘stability of the euro area as a whole’ in Article 136(3) TFEU. On the basis of the relevant legal sources, it qualifies this objective as the obligation to preserve the existence of the monetary union, the establishment of which was an EU goal laid down in Article 3(4) TEU. While to date the objective has been achieved through fiscal and macroeconomic consolidation in the member states and the activation of stabilisation mechanisms in cases of emergency, the book argues that full stability requires a better system of economic governance, either through a process of partial fiscal centralisation or the return to a more efficient and sustainable market discipline of public finances. It also analyses the concrete legal challenges these raise, including compliance with the conferral principle, the longstanding democratic deficit of the governance and the balance between financial solidarity and fiscal responsibility.


About the authors

Dr. Luca Lionello, Catholic University of Milan, Milan, Italy

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook 93,08 €
price for Spain (gross)
  • ISBN 978-3-030-28045-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-3-030-28044-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
The Pursuit of Stability of the Euro Area as a Whole
Book Subtitle
The Reform of the European Economic Union and Perspectives of Fiscal Integration
Authors
Series Title
Studies in European Economic Law and Regulation
Series Volume
18
Copyright
2020
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-28045-1
DOI
10.1007/978-3-030-28045-1
Hardcover ISBN
978-3-030-28044-4
Series ISSN
2214-2037
Edition Number
1
Number of Pages
XV, 243
Topics