| Popis: |
This chapter focuses on the meaning of the objective of the ‘stability of the euro area as a whole’, which has been formally introduced in art. 136(3) TFEU. After recalling the role of objectives in the EU legal framework, the research will develop an exhaustive definition and qualification of the ‘stability of the euro area as whole’ in the light of the case law of the CJEU and the academic debate. The objective will distinguish it from other interpretations of stability such as monetary, fiscal and financial stability. The analysis will argue that the ‘stability of the euro area as a whole’ essentially consists of the preservation of the existence and the integrity of the monetary union, whose establishment is a goal of the EU in accordance with art. 3(4) TEU. |
