Beyond the Euro Crisis:
European constitutional dilemmas and Treaty amendments
Päivi Leino & Janne Salminen
Finnish Institute of International Affairs
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need for Treaty amendments is open to interpretation, for example in relation
to the inclusion of the recent euro crisis-related international agreements in
EU law. These questions are partly political in nature, and linked to the wider
legitimacy of the EU and the integrity and clarity of its legal system.
realization of the Commission’s vision for the future of the EMU would require
Treaty changes in order to revise the nature of competence in the area of
economic policy and the general framework of cooperation.
discussion on the euro crisis measures has demonstrated that many member states
have constitutional ‘red lines’ relating, for example, to the exercise of
budgetary powers or sovereignty. It seems unlikely that these hurdles will be
overcome in the short term.