The Currency of Solidarity

Constitutional Transformation during the Euro Crisis

Vestert Borger (Autor)

Buch | Hardcover

438 Seiten

2020
Cambridge University Press (Verlag)
978-1-108-83636-4 (ISBN)

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This book examines the informal constitutional change – or transformation – of the European Union during the euro crisis and the interaction between political leaders and the European Court of Justice in its materialization. It is essential material for scholars or practitioners dealing with EU constitutional law and the single currency.

In their fight against the debt crisis, the European Union and its member states took measures that have profoundly changed the euro. It now differs fundamentally from when it was introduced by the Treaty of Maastricht. Surprisingly, this change has come about with hardly any formal amendment to the Union's 'basic constitutional charter', the Treaties. How, then, to understand it? This book argues that the constitution of the EU has transformed, which occurs when constitutions change without amendment. The transformation is characterized by a broadening of the currency union's stability conception from price stability to also financial stability. Using solidarity as a lens, the book conceptualises the unity of the member states and analyses how this was preserved during the crisis. Subsequently, it explains how that changed the currency union's set-up and why the European Court of Justice could not turn against the change in Pringle and Gauweiler.

Vestert Borger is Assistant Professor of European Union Law at Leiden University and was previously Niels Stensen Fellow at Yale Law School between 2019 and 2020. He specialises in the law on the single currency and constitutional law and received the 2019 European Law Faculties Association Thesis Award for his dissertation on the transformation of the euro.

Prologue; Part I. Solidarity between the Member States: 1. The concept of solidarity; 2. Solidarity between the member states; Part II. The Original Stability Conception: 3. Committing to stability; 4. Law and economic wisdom; Part III. The New Stability Conception: 5. The shift in solidarity; 6. Contractual change and central bank action; 7. Reconciling the contract with the treaties; 8. Conclusion: Preserving the contract in an emergency; Bibliography; Index.

Erscheinungsdatum	01.10.2020
Reihe/Serie	Cambridge Studies in European Law and Policy
Zusatzinfo	Worked examples or Exercises
Verlagsort	Cambridge
Sprache	englisch
Maße	235 x 160 mm
Gewicht	780 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Öffentliches Recht
	Sozialwissenschaften ► Politik / Verwaltung ► Europäische / Internationale Politik
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-108-83636-4 / 1108836364
ISBN-13	978-1-108-83636-4 / 9781108836364
Zustand	Neuware