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European integration has come to constrain the capacity for democratic political action in EU member states through the judicial constitutionalization of "economic liberties," whereas the capacity for effective political action at the European level is narrowly constrained by the multiple-veto...
Persistent link: https://www.econbiz.de/10011583675
Eight years after the onset of the "Great Recession," the eurozone is deeply split between "Northern" EMU economies that seem to be doing reasonably well and "Southern" countries that continue to struggle with socioeconomic catastrophe. This paper argues that the continuing malaise is a...
Persistent link: https://www.econbiz.de/10011598859
The European Monetary Union (EMU) has removed crucial instruments of macroeconomic management from the control of democratically accountable governments. Worse still, the EMU has systemically caused destabilizing macroeconomic imbalances that member states found difficult or impossible to...
Persistent link: https://www.econbiz.de/10010305884
This essay re-examines the dual - republican and liberal - foundations of democratic legitimacy in the Western traditions of normative political theory. Considered in isolation, the European Union conforms to liberal standards but cannot satisfy republican criteria. Given these conflicting...
Persistent link: https://www.econbiz.de/10010310849
Solange die strukturelle Nord-Süd-Divergenz ihrer Mitglieder andauert, bleibt die Währungsunion instabil. Das asymmetrische Euro-Regime soll Konvergenz durch eine strukturelle Transformation der politischen Ökonomien des Südens erzwingen. Wegen der Größe und der nicht einholbaren...
Persistent link: https://www.econbiz.de/10011707717