The Politics of Inevitability: How It Came About and Why a Change Is Advised

Dirk Meyer ()
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Dirk Meyer: Helmut-Schmidt-Universität

Chapter Chapter 2 in European Union and Monetary Union in Permanent Crisis I, 2022, pp 9-20 from Springer

Abstract: Abstract “If the euro fails, then Europe fails”. This sentence from Angela Merkel’s government declaration of 19 March 2010 became the guiding principle for the “rescue of the euro” from the very beginning. However, it is not the stability of the circle of members of the European Monetary Union (EMU), but the stability of the euro currency (Art. 127 Treaty on the Functioning of the European Union, TFEU) as well as the prohibition of monetary state financing (Art. 123 TFEU) and the bail-out prohibition (Art. 125 TFEU) which are the contractual basis.

Date: 2022
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DOI: 10.1007/978-3-658-38643-6_2

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