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The New Architecture of the European Economic Governance

其他書名	A Leviathan Or a Flat-Footed Colossus?
出版	SSRN, 2013
URL	http://books.google.com.hk/books?id=Uf8ozwEACAAJ&hl=&source=gbs_api

註釋Whilst the fiscal crisis lays bare the weaknesses within economic integration, it has not however sounded the death knell for political Union, which has to some extent been reinforced. Taking account of the unprecedented scale of this crisis, the European Parliament and the Council of the European Union adopted at the end of 2011 the “six-pack” which represents hitherto the most drastic reinforcement of economic governance since the launch of the Economic and Monetary Union. Moreover, 25 Member States signed on 1st of March 2012 the Fiscal Compact, an inter-governmental agreement which has been embroiled with controversies. It goes without saying that these different instruments are reinforcing significantly the control on national fiscal policies. The question arises as to how this succession of reform is likely to impact on the principle of institutional balance.