The European Union prides itself for being a legal order and a supranational organisation created through, and organised around, a specific institutional framework and an ordoliberal-inspired “rules against discretion” approach. Theories of ‘integration through law’ abound and the European Monetary Union (EMU) remains a unique common currency area structured within a constitutional framework. Officially, the formal priority of treaties, mandates and the European legal framework are presented as the sine qua non of ...