European Community Law on the Free Movement of Capital and EMU

European Community rules on the free movement of capital and on Economic and Monetary Union (EMU) are dealt with here. In the context of capital freedom, the author performs a critical analysis, supported by case law, of the problems connected with the abolition of capital controls within the European Community and between the European Community and third countries. It highlights some of the negative consequences of capital freedom, such as the scope for tax evasion and money laundering. EC rules on EMU, such as the rules on convergence criteria, Stability and Growth Pact, the euro and the continuity of contract and others are also presented.