The Eurozone crisis has encouraged the reform of European institutions and the spread of austerity policies across struggling Eurozone economies. Michelle Everson assesses the role of European courts in this process, noting that they have shown an unwillingness to put legal obstacles in front of agreements generated as part of the EU’s crisis management. While this may be justified in […]
A European banking union will only exacerbate the Eurozone crisis by further reducing democratic accountability.
The creation of a European banking union has been put forward as part of the solution to the Eurozone crisis. Michelle Everson argues that a banking union is not a viable solution because it represents a further weakening of democratic structures and a reduction in political accountability. The real crisis, she concludes, is the trend toward increasingly technocratic forms of […]