At a special session in Brussels on January 30, 2012, 25 out of the 27 EU Member States agreed on the so-called "Fiscal Compact" to overcome Europe’s sovereign debt crisis. The new Agreement introduces important instruments, like the so-called "debt brake" and the possibility to enforce the Member States' adherence to budgetary objectives by the ECJ. After twelve Member States - less than half of the signatory powers - have ratified the Fiscal Compact, it will step into force.
It can be foreseen that the Fiscal Compact will profoundly change the relation between the EU and its Member States. Against this backdrop, ECSA-Austria and the Interdisciplinary Association of Comparative and Private International Law – IACPIL are organizing a public debate on the treaty with Paul Craig from the University of Oxford.
Paul Craig is Professor for English Law at St. John’s College, University of Oxford, since 1998. His working focuses are Constitutional and Administrative Law and European Law. Professor Craig is widely known for textbooks like “The evolution of EU law” (with G. de Búrca, OUP, 2. Edition 2011), “The Lisbon Treaty” (OUP 2010), and “EU Law” (with G. de Búrca, OUP, 4. Edition 2008).
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