The ESM. A Breach of the Treaties?
The Value of European Law in the Euro-Crisis
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Seminar paper from the year 2013 in the subject Law - European and International Law, Intellectual Properties, Leuven Catholic University, language: English, abstract: The purpose of this paper is to discuss the role of the European Law in the crisis. Laws are rules for a crisis. When humans are living together, that has always been accompanied by conflicts. That's why law was made. It is a preventive guideline for a future 'crisis' - in the small sphere between arguing neighbours, but also for big issues. We will examine how the law was followed here. The example is the European Stability Mec...
Seminar paper from the year 2013 in the subject Law - European and International Law, Intellectual Properties, Leuven Catholic University, language: English, abstract: The purpose of this paper is to discuss the role of the European Law in the crisis. Laws are rules for a crisis. When humans are living together, that has always been accompanied by conflicts. That's why law was made. It is a preventive guideline for a future 'crisis' - in the small sphere between arguing neighbours, but also for big issues. We will examine how the law was followed here. The example is the European Stability Mechanism (ESM). After a brief explanation on what the ESM is and why it was established, the compliance with European Law will be discussed by going through the ECJ's judgement in the "Pringle-Case" from November 2012. Secondly the paper will refer to the German Federal Court's "ESM- judgement", which was published two months earlier.
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