The Constitutional Treaty of the EU and the institutional framework

Hubert Kempf ()

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: The so-called Constitutional Treaty (CT) of the EU, currently in the middle of the ratification process, is seen by its advocates as a major step for the advancement of European integration, conciliating simultaneously a democratic deepening, a more efficient decision- making process in the EU, and a clearer definition of the aims and founding principles of the EU. Given the successful establishment of the Euro, the EU is facing new challenges in terms of macroeconomic policies. The Treaty tackles this issue. The present paper offers a preliminary assessment of what is achieved and concludes that the new framework represents a limited but clear progress for macroeconomic coordination and integration and offers scope for further changes. It also comments on the implicit version of fiscal federalism present in the Treaty.

Keywords: EU Constitution; Macroeconomic Policy; Institutional framework (search for similar items in EconPapers)
JEL-codes: E60 H77 (search for similar items in EconPapers)
Date: 2006-02-01
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2006-05

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