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Since the economic crisis unfolded in 2008, the European Union economic governance framework has been profoundly transformed from a legal perspective. The EU has adopted new tools, institutions and rules to tackle the changes and is arguably better prepared to combat any future crises. This book analyses the basic legal framework of EU economic governance and considers the economic underpinnings which underlie legal institutions in this area. It uses analytical dialectics as a method of analysis and the paradigm of 'law as credibility' as the main model through which the substantive parts of EU economic governance are accounted for. Important issues such as access, exit and expulsion from the euro, the independence of the European Central Bank, the Stability and Growth Pact, bail-outs to member states, and the EU's economic strategy are addressed in a clear, critical and innovative way.
European Union (EU) member states are not unusual in granting a role to parliaments in the consent stage of treaty making, but the increased involvement of legislatures since 1950 is striking nonetheless. Simple majority voting was the norm when it came to the parliamentary approval of the EU’s founding treaties. Today, many member states rely on reinforced majority voting and many more parliamentary chambers are involved. This chapter offers a systematic comparison of the changing constitutional rules and norms governing parliamentary involvement in EU treaty making in each of the Union’s member states. On the basis of this analysis, we present the first of our three ratification scales.