Why the EU’s constitutional deadlock is hampering EMU reforms, and how this could be resolved

Abstract

ABSTRACT Economic and financial crisis measures stretched the legal fundaments of the EMU Treaty framework to their utmost boundaries and provoked watering down, mutating or even circumventing the existing Treaty limits. Instead of continuing with this pattern when pursuing further reforms, we advise to not only adjust the underlying constitutional EMU framework substantively but address first and foremost the deadlock given by the rigid EU Treaty framework as such by de-constitutionalizing EMU law.