Democratic Principles and the Economic Branch of the European Monetary Union

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Abstract

After the Treaty of Lisbon a variety of rules referring to democracy have been incorporated in Title II of the Treaty establishing the European Union (TEU). The way in which representative and non-representative democratic principles are combined in the European Union legal system is not a unitary one, but it changes depending on the fields of competence of the Union. The paper will focus on the effects that the reforms introduced in the period 2011-2013 had on the combination of representative and non-representative democratic principles in the economic branch of the EMU. To that effect the original design of the role of democratic principles in this field will be briefly described. Then, a synthetic overview of the different rules included in the new law of Economic and Monetary Union, referring to the democratic principles, will be provided. Finally, the contribution will evaluate the overall impact of the reforms carried out on democracy in the EMU. The following issues will be particularly addressed. A) Are these clauses integrated into a complete strategy concerning channels of democratic legitimacy in the law of EMU? B) Is this strategy compatible with the TEU stance on democratic principles? C) Can non-representative democracy principles be considered a real counterweight to the shrinking of representative democratic legitimacy in the EMU and in the fiscal policy of the Member States?
Lingua originaleEnglish
Titolo della pubblicazione ospiteDemocracy in the EMU in the Aftermath of the Crisis
Pagine3-26
Numero di pagine24
Stato di pubblicazionePublished - 2017

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)
  • Social Sciences(all)

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  • Cita questo

    Starita, M. (2017). Democratic Principles and the Economic Branch of the European Monetary Union. In Democracy in the EMU in the Aftermath of the Crisis (pagg. 3-26)