Challenging austerity: case law of the european court of justice on macroeconomic conditionality

The EU's response to the banking crisis unleashed in 2007, later turned into a public debt one, took place through the imposition of macroeconomic conditionality attached to the different bailout instruments. In summary, the measures imposed on the affected States through the corresponding Memo...

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Autor principal:	Carlos Aymerich Cano
Formato:	article
Lenguaje:	PT
Publicado:	Universidade de Santa Cruz do Sul 2020
Materias:	Law K Law in general. Comparative and uniform law. Jurisprudence K1-7720
Acceso en línea:	https://doaj.org/article/07dda4de3cdf434bb56fe78577f33b93
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spelling	oai:doaj.org-article:07dda4de3cdf434bb56fe78577f33b932021-11-22T12:04:35ZChallenging austerity: case law of the european court of justice on macroeconomic conditionality0104-94961982-995710.17058/rdunisc.v0i59.14673https://doaj.org/article/07dda4de3cdf434bb56fe78577f33b932020-04-01T00:00:00Zhttps://online.unisc.br/seer/index.php/direito/article/view/14673https://doaj.org/toc/0104-9496https://doaj.org/toc/1982-9957The EU's response to the banking crisis unleashed in 2007, later turned into a public debt one, took place through the imposition of macroeconomic conditionality attached to the different bailout instruments. In summary, the measures imposed on the affected States through the corresponding Memorandum of Understanding (MoU) and Council Implementation Decisions (CID) consisted of social spending cuts - waves, allowances, pensions and public benefits; public spending on health, education and social services, etc. – as well as in the so-called structural reforms concerning the labor market, the pension system, the welfare and, between other areas, the financial sector. Actually, none of these measures were new: all of them were recommended, before the crisis outbreak, by EU institutions and other international organizations such as the OECD or the IMF. So the crisis offered a chance to confer binding force to those old recommendations or, in other word, to implement their “maximum” program.Carlos Aymerich CanoUniversidade de Santa Cruz do SularticleLawKLaw in general. Comparative and uniform law. JurisprudenceK1-7720PTRevista do Direito, Iss 59, Pp 132-145 (2020)
institution	DOAJ
collection	DOAJ
language	PT
topic	Law K Law in general. Comparative and uniform law. Jurisprudence K1-7720
spellingShingle	Law K Law in general. Comparative and uniform law. Jurisprudence K1-7720 Carlos Aymerich Cano Challenging austerity: case law of the european court of justice on macroeconomic conditionality
description	The EU's response to the banking crisis unleashed in 2007, later turned into a public debt one, took place through the imposition of macroeconomic conditionality attached to the different bailout instruments. In summary, the measures imposed on the affected States through the corresponding Memorandum of Understanding (MoU) and Council Implementation Decisions (CID) consisted of social spending cuts - waves, allowances, pensions and public benefits; public spending on health, education and social services, etc. – as well as in the so-called structural reforms concerning the labor market, the pension system, the welfare and, between other areas, the financial sector. Actually, none of these measures were new: all of them were recommended, before the crisis outbreak, by EU institutions and other international organizations such as the OECD or the IMF. So the crisis offered a chance to confer binding force to those old recommendations or, in other word, to implement their “maximum” program.
format	article
author	Carlos Aymerich Cano
author_facet	Carlos Aymerich Cano
author_sort	Carlos Aymerich Cano
title	Challenging austerity: case law of the european court of justice on macroeconomic conditionality
title_short	Challenging austerity: case law of the european court of justice on macroeconomic conditionality
title_full	Challenging austerity: case law of the european court of justice on macroeconomic conditionality
title_fullStr	Challenging austerity: case law of the european court of justice on macroeconomic conditionality
title_full_unstemmed	Challenging austerity: case law of the european court of justice on macroeconomic conditionality
title_sort	challenging austerity: case law of the european court of justice on macroeconomic conditionality
publisher	Universidade de Santa Cruz do Sul
publishDate	2020
url	https://doaj.org/article/07dda4de3cdf434bb56fe78577f33b93
work_keys_str_mv	AT carlosaymerichcano challengingausteritycaselawoftheeuropeancourtofjusticeonmacroeconomicconditionality
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Challenging austerity: case law of the european court of justice on macroeconomic conditionality

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