{"product_id":"9781048002089","title":"Transformation of the European Union Budget Constitutional Implications of a New Financial Order","description":"\u003ch3\u003eModern Studies in European Law\u003c\/h3\u003e\u003ch1\u003eTransformation of the European Union Budget\u003c\/h1\u003e\u003ch2\u003eConstitutional Implications of a New Financial Order\u003c\/h2\u003e\u003ch3\u003eRosalba Famà\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eLaw \/ International\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\u003cp\u003e\u003cb\u003eThis book offers the first comprehensive legal analysis of how successive crises have reshaped the EU's financial constitution. \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eLong considered a technical and overlooked field, the EU budget has undergone a profound reconfiguration following the COVID-19 pandemic, Russia's war against Ukraine, and the emergence of ambitious defence and green-transition initiatives. This book argues that these developments do not amount to an ad hoc “patchwork,” but instead signal the consolidation of a coherent new financial order operating alongside the traditional EU budget.\u003cbr\u003e\u003cbr\u003eDrawing on a law-in-context methodology, Rosalba Famà systematically reconstructs the traditional constitutional foundations of the EU budget and examines how post-2020 financial innovations - joint borrowing, externalised financing, and progress-based disbursement - challenge long-standing principles of EU public finance. The book shows how the EU's borrowing operations have evolved into a sovereign-style “debt machine,” how external revenues have created a de facto parallel budget, and how results-based financing is transforming funding governance.\u003cbr\u003e\u003cbr\u003eThe analysis maps the constitutional implications of this dual structure for institutional balance, democratic accountability, long-term debt sustainability, and the distribution of powers among the EU institutions. Combining doctrinal, contextual, economic, and archival insights, the book offers a nuanced account of the EU's evolving fiscal architecture at a pivotal historical moment.\u003cbr\u003e\u003cbr\u003eUltimately, The Transformation of the European Union Budget reframes the EU's financial evolution as a step toward a more sovereign-like model of collective action-and proposes concrete reforms to ensure that flexibility is balanced with legitimacy: no common debt without representation.\u003c\/p\u003e\u003c\/div\u003e\u003cdiv\u003e\n\u003cb\u003eRosalba Famà\u003c\/b\u003e is a Postdoctoral Researcher at Bocconi University and an Emile Noel Fellow at New York University.\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e15 April 2027\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eBloomsbury Academic\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eHart Publishing\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781048002089\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e272\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e16.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Bloomsbury Academic","offers":[{"title":"Default Title","offer_id":51669934538892,"sku":"9781048002089","price":108.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/lateknightbooks.com\/products\/9781048002089","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}