Economic Crisis: A Constitutional Problem
Speaking of COVID
DOI:
https://doi.org/10.14422/icade.i110.y2020.001Keywords:
COVID, economic crisis, European integrationAbstract
This paper analyzes the reaction of the European Union to the economic crisis caused by the COVID. To understand the constitutional relevance of the measures adopted, I begin recalling the political problem that economic asymmetries imply; I try to underline the role that the European integration has played in solving this type of problem. In this context, I analyze the response that was created in the 2008 crisis and the one that has been launched in the 2020 crisis. In both cases, a series of measures has made substantial transformation on the constitutional principles of the economic governance in the Union. The paper ends with a reflection on the difficulties of addressing analysis de lege ferenda in the field of constitutional law of the Union.
References
Ackermann, B. (1991). We the People: Foundations. Vol. 1. Boston: The Belknap Press of Harvard University Press.
Arendt, H. (1963). On revolution. London: Penguin Books.
Argyropoulou, V. (2019). Enforcing the Rule of Law in the European Union, Quo Vadis EU? Harvard Human Rights Journal, 33. Disponible en https://harvardhrj.com/2019/11/enforcing-the-rule-of-law-in-the-european-union-quo-vadis-eu/ (último acceso diciembre 2020).
Arjona Sánchez, M. (s. f.). El euro, entre la nostalgia postmoderna al oro o un supra-federalismo europeo. Un debate constitucional. En prensa.
Azpitarte Sánchez, M. (2020). El Tribunal Constitucional ante el control del derecho comunitario derivado. Madrid: Civitas.
Cerny, P. C. (1997). Paradoxes of the Competition State: the Dynamics of Political Globalization. Government and Opposition, 32(2), 251-274. DOI: https://doi.org/10.1111/j.1477-7053.1997.tb00161.x
Dobre, D. (2020). Economic Constitution: A Contribution to the Conceptual Debate. Max Planck Institute for Comparative Public Law & International Law (MPIL). Research Paper, 2020-48. Disponible en https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3740791 (último acceso diciembre 2020).
Draghi, M. (2012, 26 de julio). Speech at the Global Investment Conference in London. Disponible en http://www.ecb.int/press/key/date/2012/html/sp120726.en.html (último acceso diciembre 2020).
European Central Bank. (2010). The ECB’s response to the financial crisis. Monthly Bulletin.
European Central Bank. (2011). The ECB’s non-standard measures —impact and phasing-out. Monthly Bulletin.
Fougner, T. (2006). The State, international competitiveness and neoliberal globalization: is there a future the competition State? Review of International Studies, 32(1), 165-185. DOI: https://doi.org/10.1017/S0260210506006978
Joerges, C. & Rödl, F. (2009). Informal politics, Formalised Law and the “Social Deficit” of European Integration: Reflections after the Judgments of the ECJ in Viking and Laval. European Law Journal, 15(1), 1-19. DOI: https://doi.org/10.1111/j.1468-0386.2008.00448.x
Lane, P. R. (2020, 6 de octubre). The ECB’s monetary policy in the pandemic: meeting the challenge. Speech at the 62nd NABE Annual Meeting “Global Reset? Economics, Business, and Policy in the Pandemic. Disponible en https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201006~e1d38a1ccc.en.html (último acceso diciembre 2020).
Mersch, Y. (2020, 2 de noviembre). Legal aspects of the ECB’s response to the coronavirus (COVID-19) pandemic – an exclusive but narrow competence. Keynote speech at the ESCB Legal Conference. Disponible en https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201102~5660377b52.en.html (último acceso diciembre 2020).
Panetta, F. & Schnabel, I. (2020, 19 de agosto). The provision of euro liquidity through the ECB’s swap and repo operations. ECB blog. Disponible en https://www.ecb.europa.eu/press/blog/date/2020/html/ecb.blog200819~0d1d04504a.en.html (último acceso diciembre 2020).
Peters, A. (2010). Constitucionalismo compensatorio: las funciones y el potencial de las normas y estructuras internacionales. En A. Peters, M. Aznar e I. Gutiérrez (eds.), La constitucionalización de la comunidad internacional (pp. 208-262). Valencia: Tirant lo Blanch.
Polanyi, K. (2001). The Great Transformantion. The Political and Economic Origins of our Time. Boston: Beacon Press.
Schmidt, V. A. (2009). Re-Envisioning the European Union: Identity, Democracy, Economy. Journal of Common Market Studies, 47(1), 17-42. DOI: https://doi.org/10.1111/j.1468-5965.2009.02012.x
Ther, P. (2016). Die neue Ordnung auf dem alten Kontinent. Eine Geschichte des neoliberalen Europa. Berlín: Suhrkamp.
Urwin, D. A. (1995). The Community of Europe. A History of European integration since 1945. 2.ª ed. Essex: Longman.
Verdun, A. & Zeitlin, J. (2018). Introduction: The European Semester as a new architecture of EU socioeconomic governance in theory and practice. Journal of European Public Policy, 25(2), 137-148. DOI: https://doi.org/10.1080/13501763.2017.1363807
Weiler, J. H. H. (2000). Federalism and Constitutionalism: Europe’s Sonderweg. The Jean Monnet Center for International and Regional Economic Law & Justice. Working Paper. Disponible en https://jeanmonnetprogram.org/archive/papers/00/001001.html (último acceso diciembre 2020).
Published
How to Cite
Issue
Section
License
The authors of articles published in icade. Revista de la Facultad de Derecho retain the intellectual property rights over their works and grant the journal their distribution and public communication rights, consenting to their publication under aCreative Commons Attribution-NonCommercial-NoDerivates 4.0 Internacional. Authors are encouraged to publish their work on the Internet (for example, on institutional or personal pages, repositories, etc.) respecting the conditions of this license and quoting appropriately the original source.
