ACELG

Archives for Euro & Finance

The EU is no stranger to crises. It is often said, at least in academic circles, that a crisis can spur necessary further integration (known in Eurojargon as ‘deepening’). At the height of the Eurozone crisis, for example, Member States were willing to accept far-reaching reforms of the Economic and Monetary Union (EMU) that were… » read more

Posted by acelg

Yesterday, a challenge of conditionality did not find favour in the European Court. ‘Conditionality’ is another term for a ‘macro-economic adjustment programme’ that EU Member States have to accept when they receive financial assistance to face down financial stability threats. Greece, Ireland, Portugal, and Cyprus have seen far-reaching policy prescription imposed upon them by (formally:… » read more

Posted by acelg

Austerity and Law in Europe

In the wake of the global financial crisis, which peaked in 2008, the concept of ‘austerity’ assumed center stage in European politics, polarizing domestic constituencies, and leading to the formation of anti-austerity political parties in a number of countries. The project ’The Architecture of Postnational Rulemaking’, in cooperation with ACCESS EUROPE (European Constitutionalism Theme), is… » read more

Posted by acelg