Reference : More or Less Intergovernmental Cooperation Within the New EMU?
Parts of books : Contribution to collective works
Law, criminology & political science : European & international law
Law / European Law
More or Less Intergovernmental Cooperation Within the New EMU?
[fr] Une coopération plus ou moins intergouvernementale au sein de l'UEM?
Allemand, Frederic mailto [University of Luxembourg > Rectorate > Digital European Integration Studies (DEIS) >]
Democracy in the EMU in the Aftermath of the Crisis
[fr] La démocratie dans l'UEM au lendemain de la crise
Daniele, Luigi
Simone, Pierluigi
Cisotta, Roberto
[en] Economic and Monetary Union ; Economic gouvernance ; European Council ; European Commission ; Union method ; Intergovernmental
[en] This chapter aims to analyse the recent shift in the allocation of powers within the EMU institutional framework. In the words of Angela Merkel, a new Union method is emerging from the Lisbon Treaty. The management of the subprime crisis and sovereign debt crisis gave rise to practical institutional arrangements and the adoption of new secondary law whereby the European Council, as well as the Euro Summit were conferred on new political responsibilities. However, as we argue, this development in intergovernmental cooperation takes place with proper regard for the institutional balance and the complex system for the balancing of powers within the EMU. Following all the crises and reforms, EMU governance is neither more supranational nor more intergovernmental. It is both at once. To our way of thinking, to try to set the two approaches against each other would be a sterile exercise. EMU governance—and, in a broader sense, EU governance—is intergovernmental and supranational. It cannot be otherwise, so long as the EU bears the imprint of a twofold requirement: to achieve unity while respecting diversity.
Researchers ; Students

There is no file associated with this reference.

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.