How the Debt Crisis Exposes the Development of Solidarity in the Euro Area

Abstract

Concept of solidarity – Factual vs. normative solidarity – Development of solidarity in the euro area – Transition from negative to positive solidarity – Solidarity as a legal concept – European Stability Mechanism – European Financial Stabilisation Mechanism – European Financial Stability Facility – Pringle judgement of the Court of Justice of the European Union – ECB bond-buying programmes