Metamorphosis of the European Economic Constitution

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Event date: Thursday, 21 September 2017, 09:00 - Friday, 22 September 2017, 18:00
Place: Campus Weicker, room B001
4, rue Alphonse Weicker
L-2721 Luxembourg

Organizing Committee: Prof. Herwig Hofmann, Ass. Prof. Katerina Pantazatou, Dr. Giovanni Zaccaroni

The EU’s ‘Economic Constitution’ has been radically transformed since the early days of market integration through law. A concept which was initially referred to rules related to market distortions such as competition law and State aid control has been enlarged to instruments as (inter alia) monetary and economic policy, getting involved in a ‘macro-economic’ dimension. Within the EU, there has also been a significant diversification of the bodies, from within the executive branch of powers, dealing with economic matters. These two developments, the branching out of EU powers into economic policy matters and the increase in bodies dealing with such questions has to a certain degree re-defined the relations between domestic, European and international actors and sources of law. 

The various elements of the EU’s Economic Constitution – the old and the new – interact and can be used to achieve certain economic and fiscal policy objectives. Understanding the economic model pursued by EU law and how far political choices can shape the exercise of economic policy within the EU is thus an important objective of research. Given the current setup, how ideologically ‘neutral’ can the EU’s Economic Constitution be and how amenable is it to the expression of political will through elections? Where is the power located to change economic policy making?  

The conference aims to be a forum of discussion and exchange of ideas about the theoretical framework of the transformations in terms of shift of powers and competences (in Day/Part I) as well as of the challenges and consequences for the understanding of the concepts (in Day/Part II). Overall, the conference will explore how the transformations of the EU’s Economic Constitution of the past years have changed EU public law, modes of government and governance.