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The Enforcement of EU Law and ValuesEnsuring Member States' Compliance$
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András Jakab and Dimitry Kochenov

Print publication date: 2017

Print ISBN-13: 9780198746560

Published to Oxford Scholarship Online: April 2017

DOI: 10.1093/acprof:oso/9780198746560.001.0001

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Compliance and Enforcement in Economic Policy Coordination in EMU

Compliance and Enforcement in Economic Policy Coordination in EMU

Chapter:
(p.145) 9 Compliance and Enforcement in Economic Policy Coordination in EMU
Source:
The Enforcement of EU Law and Values
Author(s):

Fabian Amtenbrink

René Repasi

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198746560.003.0010

This chapter examines the EU’s new economic policy coordination regime and specifically the secondary Union law rules in the shape of the Six Pack and Two Pack, as well as the TSCG and the ESM Treaty. To this end the chapter develops an analytical framework for assessing the current legal framework. It then operationalizes this analytical framework by categorizing and analysing the main legal mechanisms in place to ensure compliance with the Union’s objectives geared towards ensuring fiscal stability in the EMU. The chapter then offers a qualitative evaluation of the potential of the current economic policy coordination framework to ensure compliance. Finally, this chapter makes some concrete proposals on how the current system can be improved and places these in the broader context of the future of EMU.

Keywords:   economic policy, Six Pack, Two Pack, TSCG, ESM Treaty, Economic and Monetary Union, EMU, fiscal stability, economic policy coordination framework

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