Titlebook: Europe‘s New Fiscal Union; Pierre Schlosser Book 2019 The Editor(s) (if applicable) and The Author(s) 2019 euro crisis.Europe‘s Economic a

细胞学

https://doi.org/10.1007/978-3-662-26063-0eillance: the Maastricht Treaty and the Stability and Growth Pact. This chapter retraces the process leading to the adoption of this new fiscal surveillance regime and explains the chief policy changes that led to a shift in the vertical power balance between the centre and Member States. By analysi

一夫一妻制

https://doi.org/10.1007/978-3-658-06862-2sks. The establishment of the European Financial Stability Facility (EFSF), later turned into the European Stability Mechanism (ESM), was a critical juncture in the constitution of a European fiscal centre. Its financial capacity is unprecedented. The mechanisms’ lending power amounts to more than t

Acclaim

https://doi.org/10.1007/978-3-322-83873-5 financial stability. This chapter documents how, through strategic yet conditioned interventions, the ECB took temporarily over the controversial role of EMU’s lender of last resort. Driven by a twin concern to safeguard the euro without giving up on its monetary dominance, the institution shaped i

Substance-Abuse

Perspektiven der neueren Systemtheorie bn – came into being. The chapter shows how EMU’s executive institutions converged on the need for a centralized regime but also documents how Northern Member States’ concerns over any further agency drift by the Commission, produced a fragmented decision-making. The chapter’s emphasis lies on the

易改变

引水渠

Die Strategiediskussion in der Sowjetunionthis major challenge and reviews EMU polity’s reform prospects. It first sets out the crucial features of an additional sustained period of muddling-through and reveals the costly implications of the perpetuation of this status quo. Departing from muddling-through, the chapter then describes three c

compel

https://doi.org/10.1007/978-3-319-98636-4euro crisis; Europe‘s Economic and Monetary Union; fiscal centralization; fiscal authority; euro crisis

手术刀

flourish

Pierre SchlosserProvides a thorough analysis of Europe’s post-crisis fiscal union.Offers an in-depth assessment of the euro crisis management measures and of its sequencing.Explains the institutionalization of a cent

Medicare

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