EU Reexamined

Edited by Jörn Axel Kämmerer, Professor of Public Law, EU Law and Public International Law, Bucerius Law School, Hamburg, Hans-Bernd Schäfer, Affiliate Professor, Bucerius Law School Hamburg, and Professor (em.) of Law and Economics, University of Hamburg, former Director, Institute of Law and Economics, Germany and Kaushik Basu, Professor of Economics and Carl Marks Professor of International Studies, Cornell University, Department of Economics and SC Johnson College of Business, Ithaca, New York, and former Chief Economist of the World Bank, Washington, D.C., US

‘The elections for the European Parliament in June 2024 and the cacophony in the media that followed might incline one to scepticism about the European project. That would be a mistake, as this elegant book explains.

• Contents1 Introduction: the European Union in global perspective –a governance model on trial 1Kaushik Basu, Jörn Axel Kämmerer and Hans-Bernd Schäfer2 Quantum leaps in European integration 22Barry Eichengreen3 Unconventional monetary policy: the pretense of knowledge 39Leszek Balcerowicz4 National central banks and the governance of theEuropean system of central banks 43Martin Hellwig5 Eurozone resilience and the promise of market integration 80Wolf-Georg Ringe6 The primacy of EU law over national law: EU law setsaside national law 104Vassilios Skouris7 A positive approach to debating the supremacy of EU law 134Nuno Garoupa8 Who is the “Master of the Treaties”? On the dysfunctionalinterplay between the European Court of Justice and theEuropean Parliament 147Hélène Gaudin9 The rule of law crisis in Poland and the challenge to theprinciple of the primacy of EU law 159Adam Bodnar and Jarosław Bełdowski10 A region-level analysis of the long-term economic effectsof joining the European Union 177Rok Spruk and Nuno Garoupa11 Peace by supra-nationality: the driving forces of Europeanintegration 223Wilfried Loth12 United in sanctions? Some observations on the EUpractice of ‘restrictive measures’ in the face of the Russianaggression against Ukraine 235Paulina Starski13 The hunt for unicorns: seeking goodness in Brexit 263Ian Forrester14 ASEAN, moving from the nation state to the ASEAN state 283Damian Chalmers15 Looking like a common market: the EU as a model forAndean economic integration 304René Urueña and Rafael Tamayo Álvarez