Bulletin n. 1/2017
June 2017
INDICE
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Pšivi Leino and Tuomas Saarenheimo
    Sovereignty and subordination: on the limits of EU economic policy coordination
    in European Law Review , volume 42, issue 2 ,  2017 ,  166-189
    Successive European Monetary Union (EMU) roadmaps have presented the expansion of EU controls over Member Statesí economic policies as an integral part of monetary union, vital to its survival. Possible alternatives have hardly been discussed. In this contribution, we trace the evolution of the EU economic policy co-ordination framework from a relatively narrow, rules-based exercise into a largely discretionary process that reaches even the most politically salient areas of the Member Statesí economic policies. We then discuss how the extensive coercive powers that the EU formally possesses have turned out to be difficult to use in practice. This reflects the fundamental limits of the EUís legitimate use of power over its Member States, set by its current level of political and cultural integration. To have a chance of success, further designs of EMU need to respect these limits.
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