Legal Options for a European Unemployment Insurance
DOI:
https://doi.org/10.18042/cepc/rdce.53.03Keywords:
European Unemployment Insurance, Macroeconomic Stabilization Mechanisms, Legal Basis, Enhanced cooperation, No-bail-out clause, Treaties inter se.Abstract
The European Unemployment Insurance (EUI) was one of the EU macroeconomic mechanisms mentioned by the Four Presidents’ Report (2012) with the aim of reducing fiscal imbalance shocks. There have been several proposals on how to implement it, however, all of them were focused on economic and political aspects and very little was said on the legal basis. This article analyses, firstly, factual and political preconditions of the EUI; secondly, the proposed economic designs. Finally, I explain which would be the legal framework – either using a TFEU legal basis (for the whole EU or for the Eurozone only), or proposing a reform of the EU treaties, or developing an international treaty inter se.Downloads
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