Book contents
- The Constitutional Boundaries of European Fiscal Federalism
- Cambridge Studies in European Law and Policy
- The Constitutional Boundaries of European Fiscal Federalism
- Copyright page
- Basic Table of Contents
- Detailed Table of Contents
- Figures
- Acknowledgements
- Table of Cases
- Table of Legislation, Treaties and Conventions
- Abbreviations
- Part I
- Methods and Introduction
- 1 The Constitutional Boundaries of European Fiscal Federalism
- 2 The Maastricht Architecture of European Fiscal Federalism
- 3 The Failure and Abrogation of the Maastricht Model
- 4 Constitutional Criteria for EU Fiscal Federalism
- Part II
- Proposed Directions for Future Research and Reform
- Bibliography
- Index
4 - Constitutional Criteria for EU Fiscal Federalism
from Part I
Published online by Cambridge University Press: 07 April 2022
Book contents
- The Constitutional Boundaries of European Fiscal Federalism
- Cambridge Studies in European Law and Policy
- The Constitutional Boundaries of European Fiscal Federalism
- Copyright page
- Basic Table of Contents
- Detailed Table of Contents
- Figures
- Acknowledgements
- Table of Cases
- Table of Legislation, Treaties and Conventions
- Abbreviations
- Part I
- Methods and Introduction
- 1 The Constitutional Boundaries of European Fiscal Federalism
- 2 The Maastricht Architecture of European Fiscal Federalism
- 3 The Failure and Abrogation of the Maastricht Model
- 4 Constitutional Criteria for EU Fiscal Federalism
- Part II
- Proposed Directions for Future Research and Reform
- Bibliography
- Index
Summary
Chapter 4 concludes for Part I of the book by setting-out out two criteria for EU fiscal federalism which emerge from Chapters 1-3. First, any model of EU fiscal federalism must preserve the fiscal sovereignty the 28 (now 27) constituent constitutional democracies at the base of its legal order. Second, hard budget constraints and market discipline are indispensable requirements for price stability, sound public finances, and a sustainable balance of payments in an EMU bound by the fiscal sovereignty of its member states. Those criteria are tested and applied as the thesis of the book throughout Part II.
Keywords
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- Information
- The Constitutional Boundaries of European Fiscal Federalism , pp. 199 - 200Publisher: Cambridge University PressPrint publication year: 2022