An Introduction to the Law of Economic and Monetary Union
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An Introduction to the Law of Economic and Monetary Union

Alberto Saravalle

This incisive book is an accessible guide to the laws and policies relating to economic and monetary union (EMU). Providing a rich, multidisciplinary analysis, it combines historical, legal and economic perspectives to offer a detailed understanding of how EMU has developed since its inception and how it works in practice today. This book will be a valuable reference for those teaching and studying advanced courses on EU law, as well as courses that cover the economic history of EU integration.
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Chapter 8: Austerity policies before national and EU courts

Alberto Saravalle


Chapter 8 deals with the austerity measures adopted in the countries requesting financial assistance (but also in other countries), which seriously affected social benefits and, in certain cases, infringed on their citizens’ fundamental rights (the right to work, the right to a pension, etc.). It is thus no surprise that they were challenged in various domestic courts, including constitutional courts. In that regard, the chapter provides an overview of the caselaw in the most affected Member States. It also reviews the broad CJEU caselaw on austerity policies adopted in accordance with the Memoranda of Understanding entered into as part of financial assistance packages.

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