AUC IURIDICA
AUC IURIDICA

Acta Universitatis Carolinae Iuridica (AUC Iuridica) is a legal journal published since 1955, which presents longer essays as well as short articles on topics relevant for legal theory and international, European and Czech law. It also publishes works concerning current legislative problems.

Although intended primarily for domestic audience, AUC Iuridica is useful also for foreign experts, who can take advantage of summaries in foreign languages (English, German and French) and key words, which are systematically added to the main articles and essays.

The published articles are subject to peer reviews. If necessary, reviewed texts are sent back to the author for revision.

AUC Iuridica accepts contributions from any contributor on any current legal topic.

The journal is registered in the Czech National Bibliography (kept by the National Library of the Czech Republic) and in the Index to Foreign Legal Periodicals (kept by the American Association of Law Libraries).

The journal is archived in Portico.

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We are pleased to inform you that the journal Acta Universitatis Carolinae Iuridica was the first journal of the Faculty of Law of Charles University to be included in the prestigious international database SCOPUS. This Elsevier database is the largest abstract and citation database of peer-reviewed literature in the world. The editors of the journal expect from the inclusion in the elite SCOPUS database not only an increase in the readership of the journal, but also an increase in interest in the publication of papers by both Czech and foreign authors.

AUC IURIDICA, Vol 58 No 1 (2012), 139–150

Evropský mechanismus stability

[European Stability Mechanism]

Olga Francová

published online: 01. 02. 2015

abstract

European Stability Mechanism With a view to guarantee the stability of the euro area as a whole and to assist individual Member States under market pressure, temporary mechanisms (EFSM , EFSF) have been set up as a backstop. As the tension on the financial market increased, the establishment of permanent mechanism – the European Stability Mechanism became inevitable. The circumstances accompanying the creation are not the only link between the Treaty establishing the European Stability Mechanism and the Fiscal Compact. The bond between these two European initiatives is confirmed by the fact that starting 1 March 2013 the ratification of the Fiscal Compact is a prerequisite for granting of financial assistance from the European Stability Mechanism. The study provides deeper insight into the certain provisions of the Treaty establishing the European Stability Mechanism and their consequences. Attention is also paid to the context of its creation and to the link with the Fiscal Compact. The assistance granted from the European Stability Mechanism cannot be perceived only as a sign of solidarity but mainly as an incentive for the M ember State in financial difficulties to accept corrective measures agreed outside the national level.

keywords: European Financial Stability Facility; European Financial Stability Mechanism; European Stability Mechanism; Financial Assistance; Fiscal Compact; Treaty establishing the European Stability Mechanism

Creative Commons License
Evropský mechanismus stability is licensed under a Creative Commons Attribution 4.0 International License.

230 x 157 mm
periodicity: 4 x per year
print price: 65 czk
ISSN: 0323-0619
E-ISSN: 2336-6478

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