We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure [email protected]
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
This chapter presents the theoretical framework ensuring the political equality of citizens, resulting in their ability to hold decision-makers to account. Arguing that the principal–agent framework is not suitable for conceptualising accountability beyond the state, it argues that accountability should be understood as a value in itself, rather than a mechanism. Drawing on sociological and philosophical approaches to solidarity and the cosmopolitan literature on equality, the framework argues for an equilibrium between the principles of solidarity and equality that better provides for the political equality of citizens as the central normative concern of accountability. The chapter then applies this normative framework to the Economic and Monetary Union. By exploring the Treaties and the existing jurisprudence of the Court of Justice, the chapter finally defines the notions of the individual, equality, solidarity, and the common interest.
The Conclusion of the book joins the theoretical propositions from Chapters 1 and 2 with the empirical findings from the case studies carried out in Chapters 3–5. It is here that an assessment is made of how legal accountability has so far been able to ensure that decision-makers in the EMU are held to account by politically equal citizens. In addition, the Conclusion imagines how judicial review should look like according to the normative proposal from Chapter 2. As a final message, the Conclusion underlines the limits of judicial review in respect of democratic deliberation and participation that is to shape and sustain the common interest.
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.
Recommend this
Email your librarian or administrator to recommend adding this to your organisation's collection.