9 May 2012
On the Road to a True Economic and Monetary Union?
The Challenges of Fiscal Federalism and Democratic Legitimacy
To date, the management of the economic crisis has already led to a significant adjustment of the existing EU rules and their interpretation. This paper analyzes the measures adopted and agreements made, such as the six-pack, the Euro-plus pact and the Treaty on the Stability, Coordination and Governance of the EMU (Fiscal Compact). What is their relationship with the existing EU competences and how do they affect the EU’s democratic system? An assessment of the stability mechanisms will complement the analysis.
© 2012 Finnish Institute of International Affairs (FIIA)
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