Legal aspects of the Treaty on stability, coordination and governance in the economic and monetary union

Title:

Legal aspects of the Treaty on stability, coordination and governance in the economic and monetary union

Creator:

Kusák, Martin and Pítrová , Lenka

Identifier:

https://cdk.lib.cas.cz/client/handle/uuid:48a601c5-de0d-45b5-ac27-df0fce4651b1
uuid:48a601c5-de0d-45b5-ac27-df0fce4651b1

Subject:

European Union, euro area, Fiscal Compact, primary law, EU Treaties, economic and monetary union, coordination of economic policies, fiscal discipline, rule of balanced budgets, economic convergence, debt brake, excessive deficit procedure, reverse qualified majority vote, EU arbitration proceedings, Euro Summit, transfer of competences, and Czech Constitution

Type:

article, model:article, and TEXT

Description:

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (“FiscalCompact”) was concluded by Heads of State or Government of 25 EU Member States in March 2012 asanother instrument the objective of which is strengthening the fiscal discipline and stabilization of the euroarea as a whole. Similar to the preceding initiative – the Euro Plus Pact – this treaty also envisages deeper coordinationof economic policies of the participating Member States. It is, however, a legally binding agreementin which not all EU Member States participate and which was concluded outside the framework of the EUlaw. The article deals with legal but to some extent also economic aspects of the Fiscal Compact and it focusesin particular on four problematic issues: 1) its relationship to EU law and ensuing obligations for the MemberStates; 2) the use of EU institutions for its implementation; 3) its relationship to the Czech Constitution andevaluation of its constitutional classification; 4) the question to what degree it changes the functioning ofthe economic and monetary union within the euro area.

Language:

English

Rights:

http://creativecommons.org/publicdomain/mark/1.0/
policy:public

Source:

The lawyer quarterly: international journal for legal research | 2013 Volume:3 | Number:2

Harvested from:

CDK

Metadata only:

false