Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU
(Series Information) European Papers - A Journal on Law and Integration, 2022 7(2), 867-887 | Article | (Table of Contents) I. Introduction. - II. The path of differentiation in the Maastricht Treaty. - III. The post-Maastricht path: the widening of differentiation. - III.1. Euro area types of gover...
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| Format: | Article |
| Language: | English |
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European Papers (www.europeanpapers.eu)
2022-11-01
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| Series: | European Papers |
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| Online Access: | https://www.europeanpapers.eu/en/e-journal/differentiated-governance-european-economic-and-monetary-union |
| _version_ | 1811319043194355712 |
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| author | Stefania Baroncelli |
| author_facet | Stefania Baroncelli |
| author_sort | Stefania Baroncelli |
| collection | DOAJ |
| description | (Series Information) European Papers - A Journal on Law and Integration, 2022 7(2), 867-887 | Article | (Table of Contents) I. Introduction. - II. The path of differentiation in the Maastricht Treaty. - III. The post-Maastricht path: the widening of differentiation. - III.1. Euro area types of governance. - III.2. Hybrid systems of governance that apply to the euro area and non-euro area Member States. - III.3. Intergovernmental treaties that apply to all EU Member States. - IV. The pandemic and the Recovery Plan (Next Generation EU). - V. Which differentiation in the EMU? Paths and Issues. - VI. Lessons to be learned from differentiation. - VII. Conclusions. | (Abstract) The Article argues that differentiated governance within the Economic and Monetary Union has been reduced in recent times, thanks to the adoption of positive intervention programmes such as the Next Generation EU and SURE which apply to all the MS. It also explains that differentiated governance is not the preferable solution because it emphasises the differences between MS, whereas they need to be put on an equal footing if we want to reform EMU and the EU. The Article looks at the three phases in which different types of governance were legally established as a reaction to the crises that occurred over time, highlighting the various legal solutions and the consequences for the institutional fragmentation among the MS. Furthermore, it illustrates the pros and cons of some institutional solutions bearing in mind both the need for a more efficient and reactive union in the face of difficulties and a clearer allocation of responsibilities while ensuring greater legitimacy. Alt-hough the assessment of the new policy instruments is positive in terms of reducing fragmentation among States, a reform to make EU governance more responsive and efficient and based on homogeneous constitutional principles is necessary. |
| first_indexed | 2024-04-13T12:35:31Z |
| format | Article |
| id | doaj.art-92243362085845dfa31aa10884a26038 |
| institution | Directory Open Access Journal |
| issn | 2499-8249 |
| language | English |
| last_indexed | 2024-04-13T12:35:31Z |
| publishDate | 2022-11-01 |
| publisher | European Papers (www.europeanpapers.eu) |
| record_format | Article |
| series | European Papers |
| spelling | doaj.art-92243362085845dfa31aa10884a260382022-12-22T02:46:40ZengEuropean Papers (www.europeanpapers.eu)European Papers2499-82492022-11-012022 7286788710.15166/2499-8249/584Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EUStefania Baroncelli0Free University of Bozen/Bolzano(Series Information) European Papers - A Journal on Law and Integration, 2022 7(2), 867-887 | Article | (Table of Contents) I. Introduction. - II. The path of differentiation in the Maastricht Treaty. - III. The post-Maastricht path: the widening of differentiation. - III.1. Euro area types of governance. - III.2. Hybrid systems of governance that apply to the euro area and non-euro area Member States. - III.3. Intergovernmental treaties that apply to all EU Member States. - IV. The pandemic and the Recovery Plan (Next Generation EU). - V. Which differentiation in the EMU? Paths and Issues. - VI. Lessons to be learned from differentiation. - VII. Conclusions. | (Abstract) The Article argues that differentiated governance within the Economic and Monetary Union has been reduced in recent times, thanks to the adoption of positive intervention programmes such as the Next Generation EU and SURE which apply to all the MS. It also explains that differentiated governance is not the preferable solution because it emphasises the differences between MS, whereas they need to be put on an equal footing if we want to reform EMU and the EU. The Article looks at the three phases in which different types of governance were legally established as a reaction to the crises that occurred over time, highlighting the various legal solutions and the consequences for the institutional fragmentation among the MS. Furthermore, it illustrates the pros and cons of some institutional solutions bearing in mind both the need for a more efficient and reactive union in the face of difficulties and a clearer allocation of responsibilities while ensuring greater legitimacy. Alt-hough the assessment of the new policy instruments is positive in terms of reducing fragmentation among States, a reform to make EU governance more responsive and efficient and based on homogeneous constitutional principles is necessary.https://www.europeanpapers.eu/en/e-journal/differentiated-governance-european-economic-and-monetary-uniondifferentiationmulti-speed europeeuropean union governanceeconomic and monetary unionnext generation eurecovery and resilience fund |
| spellingShingle | Stefania Baroncelli Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU European Papers differentiation multi-speed europe european union governance economic and monetary union next generation eu recovery and resilience fund |
| title | Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU |
| title_full | Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU |
| title_fullStr | Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU |
| title_full_unstemmed | Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU |
| title_short | Differentiated Governance in European Economic and Monetary Union: From Maastricht to Next Generation EU |
| title_sort | differentiated governance in european economic and monetary union from maastricht to next generation eu |
| topic | differentiation multi-speed europe european union governance economic and monetary union next generation eu recovery and resilience fund |
| url | https://www.europeanpapers.eu/en/e-journal/differentiated-governance-european-economic-and-monetary-union |
| work_keys_str_mv | AT stefaniabaroncelli differentiatedgovernanceineuropeaneconomicandmonetaryunionfrommaastrichttonextgenerationeu |