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...

The present difficulties of democratic welfare states in Europe are often ascribed to economic "globalization", that is to the world-wide integration of markets for capital, goods and services which has eliminated national control over boundary-crossing economic transactions, and which therefore...

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...

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...

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...