Parliaments And The Economic Governance Of The European Union

This book considers national parliaments’ and the European Parliament’s role in European Union (EU) economic governance. It examines the recent strengthening of parliamentary involvement, limitations to improvements, and where and how democratic deficits still exist. It also provides the basis for some reflections concerning possible future evolutions and improvements to EU economic governance. The EU’s economic governance framework has been significantly strengthened as a response to the 2008 economic and financial crisis, and the establishment of a new Banking Union in 2013. It is thus key to determine whether these additional transfers of powers to the EU level have been accompanied by an equivalent empowerment of the national and European legislatures, allowing them to ensure adequate democratic legitimation. The chapters comprehensively re-examine the democratic (throughput) legitimacy of, and within, the EU’s economic governance by focusing on national parliaments, on the European Parliament, and on mechanisms for interparliamentary cooperation. This book was originally published as a special issue of the Journal of European Integration.

This book analyses how national parliaments and parliamentary parties performed their legislative, representative and control functions during the reform of European economic governance. Focusing on domestic approvals of anti-crisis measures (EFSF, ESM and the Fiscal Compact) in all member states of the Eurozone, the book aims at establishing to what extent national parliaments and parliamentary parties secured their competences in EU policy-making during that process. Taking an interdisciplinary approach, In order to address that question the book employs an interdisciplinary approach and analyses (i) in which states parliaments’ formal powers in approval of anti-crisis measures were constrained, (ii) how parliamentary parties voted on the analysed measures, (iii) what were the dominant discourses of their proponents and opponents and (iv) which parties advocated neoliberal and which Keynesian measures. This text will be of key interest to scholars, students and practitioners in European Union politics and studies, political parties and parliaments, European Economic governance and more broadly to European politics.

Following the financial and public debt crisis, the EU's Economic and Monetary Union (EMU) has been under intense political scrutiny. The measures adopted in response to the crisis have granted additional powers to the EU (and national) authorities, the exercise of which can have massive implications for the economies of the Member States, financial institutions and, of course, citizens. The following questions arise: how can we hold accountable those institutions that are exercising power at the national and EU level? What is the appropriate level, type and degree of accountability and transparency that should be involved in the development of the EU's governance structures in the areas of fiscal and economic governance and the Banking Union? What is the role of parliaments and courts in holding those institutions accountable for the exercise of their duties? Is the revised EMU framework democratically legitimate? How can we bridge the gap between the citizens - and the institutions that represent them - and those institutions that are making these important decisions in the field of economic and monetary policy? This book principally examines the mechanisms for political and legal accountability in the EMU and the Banking Union. It examines the implications that the reforms of EU economic governance have had for the locus and strength of executive power in the Union, as well as the role of parliaments (and other political fora) and courts in holding the institutions acting in this area accountable for the exercise of their tasks. It further sets out several proposals regarding transparency, accountability, and legitimacy in the EMU.

"If one wants to understand why, from its modest beginnings, the European Parliament has become a major player in EU decision-making, look no further than this book. It presents, to date, the theoretically most compelling, methodologically disciplined and empirically richest account of parliamentary self-empowerment over time, across key functions and policy areas. This volume will be a main point of reference for work on the European Parliament, the dynamics of inter-institutional politics, and EU integration more generally for years to come."—Berthold Rittberger, Professor of International Relations, University of Munich, Germany “Anyone interested in the rise of the European Parliament as a significant actor in the EU should read this book. It offers a fascinating insight into the strategies used by the Parliament to achieve its aims and the conditions for its success or failure. It ranges widely across time and policy areas to give a comprehensive analysis of the Parliament’s changing institutional position.”—Michael Shackleton, Professor of European Institutions, Maastricht University, The Netherlands, and former EP official This book analyses the European Parliament’s strategies of self-empowerment over time stretching across cases of new institutional prerogatives as well as substantive policy areas. It considers why and how the Parliament has managed to gain formal and informal powers in this wide variety of cases. The book provides a systematic and comparative analysis of the European Parliament’s formal and informal empowerment in two broad sets of cases: on the one hand, it examines the EP’s empowerment since the Treaty of Rome in three areas that are characteristic of parliamentary democracies, namely legislation, the budget, and the investiture of the executive. On the other hand, it analyses the European Parliament’s role in highly politicised policy areas, namely Economic and Monetary Governance and the shaping of EU trade agreements.

The European Parliament in the Contested Union provides a systematic assessment of the real influence of the European Parliament (EP) in policy-making. Ten years after the coming into force of the Treaty of Lisbon, which significantly empowered Europe’s only directly elected institution, the contributions collected in this volume analyse whether, and under what conditions, the EP has been able to use its new powers and shape decisions. Going beyond formal or normative descriptions of the EP’s powers, this book provides an up-to-date and timely empirical assessment of the role of the EP in the European Union, focusing on key cases such as the reforms of the EU’s economic governance and asylum policy, the Brexit negotiations and the budget. The book challenges and qualifies the conventional view that the EP has become more influential after Lisbon. It shows that the influence of the EP is conditional on the salience of the negotiated policy for the Member States. When EU legislation touches upon ‘core state powers’, as well as when national financial resources are at stake, the role of the EP – notwithstanding its formal powers – is more constrained and its influence more limited. This book provides fresh light on the impact of the EP and its role in a more contested and politicised European Union. Bringing together an international team of top scholars in the field and analysing a wealth of new evidence, The European Parliament in the Contested Union challenges conventional explanations on the role of the EP, tracking down empirically its impact on key policies and processes. It will be of great interest to scholars of the European Union, European politics and policy-making. The chapters were originally published as a special issue of the Journal of European Integration.

A critical analysis of the legal dimension of European Union economic governance.

The global financial crisis and sovereign debt crisis exposed the inadequacy of European economic governance. Despite the multitude of new mechanisms and institutions that have arisen over the last few years, many contend that economic governance remains inadequate and the EU must integrate even further to calm still-volatile markets. A tension exists between creating effective instruments that will not overstep the authority delegated to an EU that has integrated economically but not politically. Can the EU’s economic governance system satisfy the demands of markets and politics? Relevant issues include the ability of supranational institutions to dictate policy to national governments, the harmonization of economic policies and institutions across Europe, and a substantial increase in the transfer of funds across borders. Can monetary union continue without political union? How will the new institutions alter the distribution of power between EU institutions as well as between member states? This edited volume analyzes the major policy challenges and institutional mechanisms at the EU- and international levels to combat the global financial crisis and the EU’s sovereign debt crisis such as financial integration, fiscal cooperation, and the rising power of the ECB. This book was published as a special issue of the Journal of European Integration.

In today’s increasingly complex and interdependent world, the role of parliaments in external affairs remains a relatively under explored topic of research. The multiple patterns of global governance are mostly dominated by the executive branches of government, with parliaments relegated to the sidelines. This insightful book aims to challenge this dominant perspective and demonstrate the increased networking of parliaments both within the EU and with external actors outside the EU. It not only sheds light on EU parliamentary cooperation and networking, but also reveals the growing scope and role of parliamentary scrutiny, control and conflict mediation.