{"product_id":"eu-fiscal-capacity-federico-fabbrini-9780198874225","title":"EU Fiscal Capacity: Legal Integration After Covid-19 and the War in Ukraine","description":"The explosion of the Covid-19 pandemic in February 2020 led to a paradigm change in the European Union architecture of economic governance. To mitigate the pandemic's damage, the EU established a Recovery Fund called 'Next Generation EU' (NGEU). Funded though resources raised on the financial markets, this special budget is worth 750bn at 2018 prices, which corresponds to 806,9bn at current prices. Disbursed to member states in the form of both loans and grants and to be repaid on a long-term basis through the introduction of new EU taxes, the NGEU has endowed the EU with borrowing, spending, and taxing powers. \u003cp\u003e\u003c\/p\u003e\u003cem\u003eEU Fiscal Capacity: Legal Integration After Covid-19 and the War in Ukraine\u003c\/em\u003e argues that the NGEU constiutes a profound overhaul in the EU architecture of economic governance. Moving away from the fiscal surveillance shown in response to the euro-crisis, the EU has adopted a strategy of fiscal federalism more akin to the United States. \u003cp\u003e\u003c\/p\u003eThe return of war in Europe following 75 years of peace has caused yet more socio-economic damage for the EU. Occuring as Europe was slowly re-emerging from the pandemic, the war in Ukraine has disrupted supply chains, increased humanitarian assistance costs, and generated an energy crisis. Within the context of war, the limitations of the current EU constitutional arrangements have yet again been exposed. \u003cem\u003eEU Fiscal Capacity\u003c\/em\u003e argues that the EU needs to retain the NGEU as a permanent feature of EMU. \u003cp\u003e\u003c\/p\u003eThe first book to analyse how the Covid-19 pandemic and the war in Ukraine have affected Europe's Economic \u0026amp; Monetary Union from an EU law and policy perspective, this book is a must read for policy makers and students of European law and politics alike.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Federico Fabbrini\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0198874227\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780198874225\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/15\/2023\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 192\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.83lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.57h x 5.73w x 0.70d","brand":"Federico Fabbrini","offers":[{"title":"Hardcover","offer_id":47424984056063,"sku":"9780198874225","price":125.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_24cff1eb-ea5b-4d9d-b912-4e126ddf99aa.jpg?v=1761536201","url":"https:\/\/www.whiterainbookhouse.com\/products\/eu-fiscal-capacity-federico-fabbrini-9780198874225","provider":"WR Book House","version":"1.0","type":"link"}