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The Euro Area Crisis in Constitutional Perspective$
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Alicia Hinarejos

Print publication date: 2015

Print ISBN-13: 9780198714958

Published to Oxford Scholarship Online: August 2015

DOI: 10.1093/acprof:oso/9780198714958.001.0001

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Concluding Remarks

Concluding Remarks

(p.199) 11 Concluding Remarks
The Euro Area Crisis in Constitutional Perspective

Alicia Hinarejos

Oxford University Press

This monograph has provided a critical analysis of the past, present, and possible futures of fiscal and economic integration in the European Union. It has argued that the crisis and its aftermath have changed EMU in extremely significant ways, and have had an enormous impact on the constitutional system of the EU and its Member States. Finally, the monograph has also analysed the constitutional obstacles to further integration in this area, and possible ways forward. These concluding remarks highlight the insights gleaned from each chapter and certain common threads in this study, such as the limited nature of EU competence, the evolving nature of EMU, and the consequences of this evolution as regards democratic legitimacy.

Keywords:   euro area crisis, Economic and Monetary Union, EMU, constitutional law, democratic legitimacy, fiscal integration, fiscal union, fiscal federalism, economic coordination

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