European Monetary Fund may not be founded in EU law

Summary

Determination of a violation of subsidiarity in accordance with Article 6 Protocol No. 2 to the Treaty of Lisbon; lack of legal basis for the proposed regulation on the EMF as the successor to the ESM in the EU treaties, responsibility of the member states for setting up a stability mechanism at intergovernmental level, non-applicability of the flexibility clause in Article 352 TFEU<br /> <br /> Reference: Proposal for a Council regulation on the Establishment of the European Monetary Fund. COM(2017) 827 final (BR-Drs 750/17)

Machine translation from German. The official text remains authoritative.

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  Drucksache · DE · 30 January 2018

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