Implementation of the Lisbon Treaty : improving functioning of the EU : economic and monetary policy. (Book, 2016) [WorldCat.org]
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Implementation of the Lisbon Treaty : improving functioning of the EU : economic and monetary policy.

Author: René Repasi; European Parliament. Directorate-General for Internal Policies of the Union.
Publisher: [Brussels] : [European Parliament], [2016], ©2016.
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
The Treaty chapter on Economic and Monetary Union became after the entry into force of the Lisbon Treaty one of the most disputed chapters of the Treaties. The economic and financial crisis revealed the shortcomings of the asymmetric EMU. The present study assesses the unused potential of the existing Treaty chapter in order to improve the functioning of the EU. In order to do so, the study suggests to switch the  Read more...
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Details

Genre/Form: Etude UE
Publication UE/CE
Publication internationale
Ressource internet
Texte intégral
Material Type: Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: René Repasi; European Parliament. Directorate-General for Internal Policies of the Union.
ISBN: 9789282392812 9282392813
OCLC Number: 960404246
Notes: Manuscript completed in April 2016.
Target Audience: Specialised.
Description: 62 pages
Details: Mode of access: World Wide Web.

Abstract:

The Treaty chapter on Economic and Monetary Union became after the entry into force of the Lisbon Treaty one of the most disputed chapters of the Treaties. The economic and financial crisis revealed the shortcomings of the asymmetric EMU. The present study assesses the unused potential of the existing Treaty chapter in order to improve the functioning of the EU. In order to do so, the study suggests to switch the perspective on the Treaty potential from competences to compliance. By identifying the lack of mechanisms in the existing economic policy coordination framework aiming at addressing non-compliance because of a Member State's incapacity to comply, the study suggests the introduction of an incentive-based enforcement mechanism (for the short term) and of a fiscal capacity (for the medium term) within the existing Treaties. Furthermore, the establishment of the Eurozone budget, of a Redemption Fund or the adoption of a convergence code is discussed. By the same token, the legal inclusion of the Fiscal Compact and the ESM-Treaty is examined and concrete proposals are developed. Finally, the study addresses ways of increasing the accountability and legitimacy in EMU affairs.

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