Abstract

This article explores the constitutional dimension of the new European crisis-management law. The author's critical stance is that the new architecture of European economic governance accentuates the well-known asymmetries between supranational market forces and national welfare state arrangements, by deeply transforming the constitutional functions of EU law. A double process of de-politicisation and de-legalisation takes place in an apparent contradictory but convergent manner at EU level, with dramatic implications for the viability of the so-called "European social model".