New Publication out! democracy, the crisis, and the future of EMU
Since Janauary, you can now order the book “Europe’s crisis: the conflict-theoretical perspective”, edited by Tim Krieger, Bernhard Neumärker and Diana Panke. My trilemma article “Democracy, the crisis, and the future of the EU” is published as chapter 9 on legal and societal perpsectives on the crisis. Hope you enjoy!
While several countries still struggle to return to sustainable growth and Euroscepticism has shown its strength during the 2014 European Elections, Europe is slowly advancing on the path of fiscal integration. Against this background, this paper reassesses how legitimacy is provided and why the much-needed fiscal integration constitutes a genetic change of the Union. The first section is dedicated to theories of legitimacy in the EU; the second section focuses on the financial and economic crisis, pointing out why some form of fiscal integration is still required to achieve a sustainable settlement; the third section sheds light on the interactions between democratic legitimacy and fiscal integration when the no demos thesis is taken into account, discussing the long term implication of the emerging trilemma.