The Jurisprudence of the Crisis: the Uncertain Place of European Law Between Pluralism and Unity

The economic and financial crisis of the last years has been addressed through a wide plethora of powerful supranational legal instruments of ambiguous nature, such as the EFSF, the EFSM, the ESM, the Fiscal Compact, various Memoranda of Understanding between national and supranational institutions. It must be noted that their natural ambiguity led to an equally ambiguous jurisprudence of the crisis, in particular by national constitutional courts: it stems from the context of crisis, and it may reveal the crisis of EU law. New opportunities, however, seem to be suggested by the recent caselaw of the European Court of Justice, and are yet to be explored.