The new financial stability mechanisms and their (poor) consistency with EU law, Giuseppe Bianco
Type
Label
The new financial stability mechanisms and their (poor) consistency with EU law, Giuseppe Bianco
Language
eng
Abstract
This working paper examines the institutional reaction to the sovereign debt crisis in Europe. The response has so far consisted of three new financial mechanisms: the European Financial Stabilisation Mechanism, the European Financial Stability Facility, and the European Stability Mechanism. These have each a different legal basis and a specific regime. They display a varying degree of compatibility with EU law. The institutional quick fix employed by Eurozone countries was essentially a resort to private law and traditional international law techniques. This constitutes a setback from the evolution of the EU, at the expense mainly of the European Parliament and the Court of Justice
Bibliography note
Includes bibliographical references
Index
no index present
Literary Form
non fiction
Main title
The new financial stability mechanisms and their (poor) consistency with EU law
Oclc number
817746147
Responsibility statement
Giuseppe Bianco
Series statement
EUI working papers. RSC, 2012/44EUI papersEUDO European Union Democracy Observatory
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