European monetary and economic law

A.A. 2016/2017
Insegnamento per
Crediti massimi
Ore totali

Struttura insegnamento e programma

Edizione attiva
Lezioni: 45 ore
Docente: Peroni Giulio
"Can European Union survive Eurocrisis"? The JM Module, bearing the title European Monetary and Economic Law (EMEL): Towards a New Shape of European Union, is inspired by this clairvoyant question. It aims at focusing its didactic and research action with reference to the financial crisis that has massively afflicted the Eurozone countries since 2008 and the stability of the European monetary union (EMU) scattered by a series of sovereign debt crises. The financial turmoil have had a strong impact on the economic and social structure of European Union (EU) and its Member States. It has also deeply transformed the legal and institutional structure of EU with particular reference to the functioning of the mentioned EMU.
The Module will consist of 42 hours (equal to 6 ECTS) and will be articulated in this way: 32 hours for lectures, 2 hours for seminars, 2 hours for case study 6 hours for workshops and will be taught totally in English, in the framework of the Faculty of Law of the University of Milan (UNIMI) and will provide Italian and foreign students with legal and professional skills on economic, monetary and financial law. The Project will study, also under the perspective of the international public and private law, the legal mechanisms concerning the functioning of the European monetary and economic policy, in the light of the recent introduction of some new legal mechanism, like the European Stability Mechanism, the Fiscal Compact and the Banking Union.
The teaching materials will be uploaded on the Website of the Project and also on the Ariel e learning platform of the University of Milan. and it will be discussed among students.
The course, part of the didactic programme of the Law Faculty is open also to PhD students, experts, professionals, civil society and corporate representatives, policy makers, public administrators, civil servants.

Programme of LECTURES

1.Introductory remarks

a. Reasons of the Project.
b. Origins and effects of the Economic and Financial Crisis in the World and particularly in the EU.

2.Economic and Monetary State Sovereignty.

a. The State sovereignty: notion, content and evolution.
b. The international economic and monetary cooperation, in the light of the current crisis.
c. The EU Single Market as an example of a developed economic and business regional integration. Analysis of its relevant limits connected to the to the split between monetary and economic policy.

3.The Euro and the Treaty of Maastricht: an analysis of the European monetary and economic cooperation.

a. The forms of monetary cooperation at a European level: from the 1957 Treaty of Rome to the 1992 Treaty of Maastricht.
b. The European Monetary Union as an enhanced form of cooperation: a chance for the European economic integration.
c. The Treaty of Maastricht and the economic and monetary: the convergence standards.
d. The Stability and Growth Pact: contents and supervened amendments.

4.The European Central Bank (ECB) and the European Investment Bank Group (EIB)
a. The ECB's structure and functions.
b. The ECB's role in front of the financial crisis: the new hub of EU economic governance?
c. The interrelationship between the ECB and the other members of the so called Troika (International Monetary Fund and EU Commission).
d. The EIB Group's structure and functions and its role in front of the crisis.

5. The limits of the European monetary union in the light of the Treaty of Lisbon.

a. The inspiring principles of the European action in the economic and monetary field.
b. The European economic policy after the Treaty of Lisbon.
c. The European monetary policy after the Treaty of Lisbon.
d. The PIIG's sovereign debt crisis.
e. The Euroexit dilemma.

6. The New Mechanism created by the European Union to save the Euro and the Economic and Monetary Union.

a. The European semester and the Euro Plus Pact.
b. The intervention mechanism for the serious economic/financial crisis situation of a Member State.
c. The European Stability Mechanism and the simplified revision of the Treaty of Lisbon.
d. The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union.
e. The prudential supervision mechanism and the banking system: towards a Banking Union.
f. The euro bonds solution as an instrument to set the markets.
g. The European Social Market Economy: a new and different form of capitalism in the framework of international economic relations.
Secondo semestre
Secondo semestre
Modalità di valutazione
Giudizio di valutazione
voto verbalizzato in trentesimi
Martedi 10-09 ore 12.30-13.30; Mercoledi 18/09 ore 11.30-12.30; Giovedi 26-09 ore 15.30-16.30
Dipartimento di Diritto Pubblico Italiano e Sovranazionale - Sezione di diritto internazionale