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The Impact of the Financial Crisis on EU Economic Governance: A Struggle between Hard and Soft Law and Expansion of the EU Competences?

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Chapter Summary

The European Union (EU) is an example of supranational coordination using both hard and soft law methods to steer the coordination of employment and social policies of its member states. This chapter illustrates two domains of the new expanding tendencies: employment policies being increasingly affected with hard law by the Macroeconomic Imbalances Procedure and collective bargaining traditions becoming affected by the Euro Plus Pact, on the example of Slovakia. It shows how the EU's stricter economic governance creates an awkward balancing-act between uniform supranational ideas and diversified local practices and demands. By explaining these two examples the chapter aims at allocating possible tension areas within the EU and gives an input for further development of the concept of global law. The emergence of various forms of new governance such as soft law have been analysed as a shift from traditional hierarchical command-and-control regulations.

Keywords: employment policies; EU's stricter economic governance; Euro Plus Pact; hard law; Macroeconomic Imbalances Procedure; Slovakia; soft law



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