Legal and Institutional Dimensions of EMU

Intensive Workshop

October 22nd-23rd, 2015 from 9:30 am – 5:00 pm 

Where: Sala Triaria
Villa Schifanoia
Via Giovanni Boccaccio, 121, 50133 Firenze Italy

Professors Claire KILPATRICK and Giorgio MONTI

Workshop description:

The workshop will include three hour sessions on each of the following four themes:

  1. Conditions posed to legal change in reaction to the Eurozone crisis at both EU and national level (such as competence constraints, fundamental rights limits)
  2. Legal aspects of the overall new EMU package (e.g. Macro-economic Imbalance Procedure, Excessive Deficit Procedure, Broad Economic Policy Guidelines)
  3. Legal aspects of risk-sharing mechanisms (e.g. European Stability Mechanism, prospects for Euro-bonds)
  4. Legal aspects of banking union (emphasis on: Single Supervisory Mechanism, Single Resolution Mechanism, deposit insurance)

Participants will explore issues of EU legal and institutional design within the specific and dynamic area of EMU and the closely related area of banking union. Sessions on each of the four themes will be moderated by a mixture of invited externals and EUI Faculty. Materials will be circulated by Thursday 1 October to allow time to have thoroughly read and prepared in advance of the intensive seminar. A key goal is to clearly understand and articulate how legal design issues interact with EU economic and monetary policy objectives. To each seminar participant will prepare a brief policy statement which sets out the legal issues of one of the four issues above in ways comprehensible to non-lawyers.

This workshop forms part of an EUI-led project on A Dynamic Economic and Monetary Union involving the Law and Economics Departments and funded by Horizon 2020. Policy statements will be presented by Law Faculty to Economists participating in the project on Friday 11 and Saturday 12 December 2015. Seminar participants are welcome to attend.

Each day of the seminar will be comprised of two sessions: from 9:00 to 12:30 and from 14:00 to 17:00 hours.

Workshop materials:

Session 1
Session 2
Session 3
Session 4