The Individual in the Economic and Monetary Union A Study of Legal Accountability

A contribution to legal theories of accountability, this book offers pioneering research on the position of the individual in the EU's Economic and Monetary Union. Its premise is that the EU's response to the financial crisis placed undue emphasis on equality of Member States, to the detriment of political equality of citizens. As a remedy, this book reimagines legal accountability as the vehicle for achieving the common interest, by presenting a novel understanding of the relationship between solidarity and equality. Institutionally, the author argues that, by carrying out intensive review of the duty to state reasons, courts can ensure that decision-makers act in the common interest. The book explores judicial review in financial assistance, the monetary policy mechanisms of the European Central Bank, and the Single Supervisory Mechanism. Looking into the future, it tests its theoretical and normative propositions on the newly established Next Generation EU. This title is also available as Open Access on Cambridge Core.

Introduction; 1. The Normative framework of legal accountability; 2. Theorising judicial review in the economic and monetary union; 3. Financial assistance mechanisms; 4. The monetary policy of the European central bank; 5. The single supervisory mechanism; Conclusion; Epilogue; Bibliography; Index.

Ana Bobić is a référendaire at the Court of Justice of the EU in the cabinet of Advocate General Ćapeta. In 2022, she published her monograph The Jurisprudence of Constitutional Conflict in the EU (OUP). Previously, she worked at the Hertie School on questions of legal accountability in the EMU.