2013
DOI: 10.1017/s2071832200001759
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Contradiction, Circumvention and Conceptual Gymnastics: The Impact of the Adoption of the ESM Treaty on the State of European Democracy

Abstract: This paper makes the claim that the legal framework governing the European Stability Mechanism (ESM) is contradictory, conceptually incoherent and may be characterized as a circumvention of Union law. It is further claimed that such circumvention, and the resulting establishment of a significant permanent institution outside and beyond the scope of the Union legal order, represents a challenge to European democracy and to the principle of respect for the rule of law.

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Cited by 39 publications
(7 citation statements)
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“…Even in exceptional circumstances, adoption of measures inconsistent with such values undermines the integrity of the Union legal order as a whole. 167 We support the view that "'more Europe' had come to mean more intergovernmental collaboration under Franco-German hegemony…The Union has reverted to…elitist decision making" 168 that puts considerable strain on its democratic legitimacy. (Austerity) orders barked from Olympian heights of executive politics exacerbate already weak growth and rising unemployment, and unwisely allow popular resentment to metastasize into populist movements across the Continent, feeding on citizens' frustrations.…”
Section: Final Remarksmentioning
confidence: 65%
“…Even in exceptional circumstances, adoption of measures inconsistent with such values undermines the integrity of the Union legal order as a whole. 167 We support the view that "'more Europe' had come to mean more intergovernmental collaboration under Franco-German hegemony…The Union has reverted to…elitist decision making" 168 that puts considerable strain on its democratic legitimacy. (Austerity) orders barked from Olympian heights of executive politics exacerbate already weak growth and rising unemployment, and unwisely allow popular resentment to metastasize into populist movements across the Continent, feeding on citizens' frustrations.…”
Section: Final Remarksmentioning
confidence: 65%
“…As Tomkin has argued, 'the creation of a permanent stability mechanism that is liable to have a direct impact on the lives of Union citizens and yet lies outside and beyond the reach of the Union legal order, and is subject neither to general principles nor to the rights enshrined in the Charter of fundamental rights, may be regarded as undermining of the principle of effective judicial protection and democratic accountability'. 130 The same can be said, mutatis mutandis, for the country specific recommendations.…”
Section: Economic and Monetary Unionmentioning
confidence: 95%
“…1785Sester, 2012, pp. However, according to Tomkin (2013), this only shows that the credit facilities have been designed deliberately to avoid open violation of the no-bailout clause by moving into a legal grey zone and circumventing it. Indeed, the credit facilities were formally enacted not by an EU institution, but by states entering into inter-governmental agreements under private and international law and thus outside the EU legal framework.…”
Section: Questions Of Legalitymentioning
confidence: 99%
“…In addition, the EFSF was endowed with its own legal personality so that debts from deficit states would be absorbed not directly from Member States, but only indirectly. However, according to Tomkin (2013), this only shows that the credit facilities have been designed deliberately to avoid open violation of the no-bailout clause by moving into a legal grey zone and circumventing it. On the other hand, in Pringle, the ECJ resorted to a mix of textual, purposive and teleological interpretation of the relevant treaty provisions to establish that the bailout facilities were compatible with article 125(1) TFEU if indispensable for safeguarding the financial stability of the euro area as a whole and if subject to strict conditionalities.…”
Section: Questions Of Legalitymentioning
confidence: 99%