Who leads the new EMU?
Implications of the Economic Crisis for the EUís Institutions
Download PDF (0.85 Mb)
made to the EUís economic and fiscal policies have served to reinforce the
fragmentation of the division of competences between the EU and its member
states in this field. It has also impacted the way in which these competences
are exerted by the European and national institutions.
from a differentiation of responsibilities between the eurozone countries and
the rest of the EU, fragmentation is increasingly taking place even inside the
EU institutions. The current fragmentation of competences and institutions
complicates the democratic scrutiny of economic and fiscal policies.
challenge is to accommodate the differentiated responsibilities of the Eurozone
countries and the rest of the EU within the framework of existing institutions
in a way that would ensure the unity of this framework, but also the proper
democratic anchoring of the EUís economic and fiscal powers.