Department of Legal Sciences - School of International Studies

Spring Trento European Seminar
Spring Trento European Seminarlink
Coping with the Financial Crisis in the EU: Challenges & Dangers


Thursday June 7, 2012
Faculty of Law, via Rosmini 27 - Trento, Room 3


Paolo Collini
Edoardo ChitiLuisa Antoniolli
Giorgio FodorVincent Della Sala
Francesco SaracenoAndrea Fracasso


Paolo Collini, Rector of School of International Studies


Introductory remarks

The EU institutions, the crisis, and the constitutional mutation of the EU
Edoardo Chiti, University of Tuscia

FIRST SESSION: Prosperity in danger?
Chair: Luisa Antoniolli, University of Trento

The rise, fall and resurrection of the Maastricht criteria
Giorgio Fodor, University of Trento
Discussant: Vincent Della Sala, University of Trento

On fiscal rules and the need for reforming the Stability Pact
Francesco Saraceno, OFCE – Sciences Po
Discussant: Andrea Fracasso, University of Trento



Jens Woelk
Fabian AmtenbrinkSimona Piattoni
Damian ChalmersStefano Schiavo

SECOND SESSION: Democracy in danger?
Chair: Jens Woelk, University of Trento

Democratic Accountability in new European economic Governance
Fabian Amtenbrink, Erasmus Universiteit Rotterdam
Discussant: Simona Piattoni, University of Trento

"Confl icts That Tie": Fiscal Justice as the New Axis of EU Legal Integration
Damian Chalmers, London School of Economics and Political Science
Discussant: Stefano Schiavo, University of Trento

Marco Dani
Concluding remarks
Marco Dani, University of Trento

The financial and sovereign debt crises may be viewed as testing the identity, strength and resilience of both the EU institutional architecture and societies. As member states undertake to ratify and implement a new Fiscal Compact, important questions can be raised on its contents and the prospects of European integration: do the new institutional mechanisms provide appropriate responses to the causes of the financial crisis? Is the stability of the Euro currency buttressed by the new legal arrangements? Is the Fiscal Compact up to the task of securing prosperity in a context of increasing economic distress? Does the fiscal compact offer adequate mechanisms and procedures to secure the accountability and enable the participation of all the actors involved in fiscal governance? What is the legal, political and economic culture underlying the reforms? How will the reform reshape the identity of the EU?

In an attempt to answer to these questions, the conference organised by the Department of Legal Sciences and the School of International Studies of the University of Trento aims to develop a critical assessment of the institutional reforms under adoption in the EU to cope with the financial crisis and its consequences. It will firstly offer an analytic overview of the new institutional framework laid down in the Fiscal Compact. It will then discuss the new arrangements from the angle of prosperity and democracy. In concluding, it will evaluate their possible impact on EU identity and the prospects of European integration.