Bulletin n. 1/2017 | ||
June 2017 | ||
Federico Fabbrini |
||
Economic Policy in the EU after the Crisis: Using the Treaties to Overcome the Asymmetry of EMU | ||
in Diritto dell'Unione europea , no. 3 , 2016 , 529-549 | ||
The article analyzes the legal framework of economic policy in the EU in light of the innovations introduced in EU primary law by the Lisbon Treaty. As it suggests, the constraints and potentials of the Lisbon Treaty have not been fully explored due to the Euro-crisis, which exploded at the same time in which the Treaty was entering into force. By adopting a constitutional reading of EU primary law, however, the article maintains that the Lisbon Treaty should be seen as limiting the authority of the member states to conclude international agreements outside EU law - and simultaneously as enlarging the competence of the EU institutions to run an economic policy at supranational level. Both these elements of constraining and enabling constitutionalism are relevant in the efforts to overcome the asymmetry of EMU, which was largely at the roots of the Euro-crisis. | ||