European Monetary Union and the Courts

European Monetary Union (EMU) is one of the cornerstones of the post-Maastricht European project. Inasmuch as the Maastricht Treaty adopted a binding horizon for the creation of a unitary currency comprising the vast majority of the Member States, the Treaty provided for the blueprint, as of 1992, to initiate, in the area of monetary policy, the still lasting process of the European project’s political integration. As a result, the first pillars of a European economic policy followed, creating an edifice under the name of EMU that is still in the making, but has nevertheless developed, at this point, into a crucial pillar of the European Union’s (EU) constitutional charter.