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Transnational Constitutionalism is a sociological given and a legal challenge. We observe the emergence of ever more legally-framed transnational arrangements with ever more power and impact. Does this kind of rule ‘deserve recognition’? Is it at all conceivable that the proprium of law can be defended against the rise of its informal competitors? This essay opts for a third way which neither listens to the siren songs on law beyond the state nor to the defences of nation-state constitutionalism as the monopolist of legitimate rule. The alternative submitted suggests that transnational legal ordering of the EU should build upon its re-conceptualisation as a ‘three-dimensional conflicts-law’ with a democracy-enhancing potential. This re-construction operationalises the ‘united in diversity’ motto of the Draft Constitutional Treaty of 2004. It preserves essential accomplishments of Europe’s constitutional democracies. It provides for co-operative problem-solving of transnational regulatory tasks, and it retains supervisory powers over national and transnational arrangements of private governance.
In this article, the controversy between the European Court of Justice and the German Federal Constitutional Court over the Outright Monetary Transactions (OMT) Programme remains in the background. Rather than summarising and evaluating all this, the Author focuses his attention on a defence of the message in the title. Firstly, he starts with the ruling of the German Court of January 2014, which, as is well known, is the “first reference ever”. In this the Author focuses his attention on the two dissenting opinions by judges Lübbe-Wolff and Gerhardt. Then, the analysis focuses mainly on to the exercise of discretion by the ECB and the role of the judiciary. Thereafter, the Author examines the responses to these developments in various branches of European studies and concludes with an explanation of title.
This paper discusses the fundamental tensions between economic globalisation and democratic politics in the field of international trade. New bilateral and regional trade agreements increasingly incorporate other “trade-related” policy areas and threaten to constrain state action and democratic politics. The move towards deeper and more comprehensive trade deals has greatly accentuated grievances and is of exemplary importance in the realms of transnational governance. This article examines the decoupling of these agreements from national and democratic control and the resulting legitimacy impasses of transnational governance based upon the theoretical frameworks of Karl Polanyi and Dani Rodrik. Arguing that politics is not a mistake that gets in the way of markets, we submit our own conceptualisation of transnational legitimacy. In doing so, we suggest a new type of conflicts law which does not seek to overcome socio-economic and political diversity by some substantive transnational regime, but responds to diversity with procedural safeguards, thus ensuring space for co-operative problem-solving and the search for fair compromises.
Ordoliberalism is a theoretical and cultural tradition of signifi cant societal and political impact in post-war Germany. For a long time the theory was only known outside Germany by a handful of experts, but ordoliberalism has now moved centre stageafter the advent of the fi nancial crisis, and has become widely perceived as the ideational source of Germany's crisis politics.
In this collection, the contributors engage in a multi-faceted exploration of the conceptual history of ordoliberalism, the premises of its founding fathers in law and economics, its religious underpinnings, the debates over its theoretical assumptions and political commitments, and its formative vision of societal ordering based upon a synthesis of economic theories and legal concepts. The renewal of that vision through the ordoliberal conceptualisation of the European integration project, the challenges of the current European crisis, and the divergent perceptions of ordoliberalism within Germany and by its northern and southern EU neighbours, are a common concern of all these endeavours. They unfold interdisciplinary affi nities and misunderstandings, cultural predispositions and prejudices, and political preferences and cleavages. By examining European traditions through the lens of ordoliberalism,the book illustrates the diversity of European economic cultures, and the difficulty of ransnational political exchanges, in a time of European crisis.