Democracy in the EMU in the Aftermath of the Crisis
The book covers some of the major issues concerning the problematic relationship between respect for democratic principles and the new European Economic Governance. Innovative approaches are highlighted throughout the book: new frameworks and arrangements
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Democracy in the EMU in the Aftermath of the Crisis
Democracy in the EMU in the Aftermath of the Crisis
Luigi Daniele • Pierluigi Simone • Roberto Cisotta Editors
Democracy in the EMU in the Aftermath of the Crisis
Editors Luigi Daniele Department of Public Law University of Rome “Tor Vergata” Rome, Italy
Pierluigi Simone Department of Public Law University of Rome “Tor Vergata” Rome, Italy
Roberto Cisotta Italian Ministry of Foreign Affairs and International Cooperation Rome, Italy
ISBN 978-3-319-53894-5 ISBN 978-3-319-53895-2 DOI 10.1007/978-3-319-53895-2
(eBook)
Library of Congress Control Number: 2017939565 © Springer International Publishing AG and G. Giappichelli Editore 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
1. The aim of this book is to explore the role of the democratic principle in the context of the Economic and Monetary Union (EMU). The time is indeed quite ripe for opening a discussion on such issues. We all knew that, right from the beginning, the EMU regime had its own features, which distinguished it from any other area of competence of the European Union (EU) and, among others, did not contemplate the conferral of “strong” powers to the European Parliament. We were also aware that things had not much improved with the Treaty of Lisbon. However, a certain measure of “democratic deficit” in the area of Economic and Monetary Union policies seemed to be tolerable as long as the economic situation in Europe and particularly for the euro-area Member States remained florid. At that time, the scarce involvement of the European Parliament was regarded as a fair price to pay for a mechanism, which wa
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