Bailouts, the Legal Status of Memoranda of Understanding, and the Scope of Application of the EU Charter: Florescu

Abstract

This commentary offers an analysis of the Florescu ruling, rendered by the ECJ in June 2017. Among others, it offers insights on the legal status of the MoU bailed-out countries enter into, the reviewability of these instruments, and the applicability of the EU Charter of Fundamental Rights to financial assistance in the EU.