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From Regulatory State to a Democratic Default

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  • Giandomenico Majone

Abstract

For more than half a century Euro elites succeeded in presenting integration as a positive‐sum game, with economic benefits more than compensating for the limitations of supranational democracy. Since the beginning of the euro crisis, however, even the most inattentive citizen of the EU realizes that integration entails serious normative costs as well as some economic benefits. As the crisis intensifies, all proposed ad hoc solutions tend to aggravate the democratic deficit of the Union. It is not only the citizens that are being excluded from the debate about the future of the eurozone; most national governments are forced to accept solutions proposed by a few leaders representing the major stockholders of the European Central Bank. Thus, the risk of a total normative loss – a default rather than a simple deficit of democracy at the European level – is now quite concrete.

Suggested Citation

  • Giandomenico Majone, 2014. "From Regulatory State to a Democratic Default," Journal of Common Market Studies, Wiley Blackwell, vol. 52(6), pages 1216-1223, November.
    • Handle: RePEc:bla:jcmkts:v:52:y:2014:i:6:p:1216-1223
    DOI: 10.1111/jcms.12190
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    References listed on IDEAS

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    1. Scharpf, Fritz W., 2011. "Monetary union, fiscal crisis and the preemption of democracy," MPIfG Discussion Paper 11/11, Max Planck Institute for the Study of Societies.
    2. Fritz W. Scharpf, 2011. "Monetary Union, Fiscal Crisis and the Preemption of Democracy," LEQS – LSE 'Europe in Question' Discussion Paper Series 36, European Institute, LSE.
    3. Fritz W. Scharpf, 2011. "Monetary Union, Fiscal Crisis and the Preemption of Democracy," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 6, London School of Economics / European Institute.
    4. Scharpf, Fritz W., 2011. "Monetary union, fiscal crisis and the preemption of democracy," LSE Research Online Documents on Economics 53448, London School of Economics and Political Science, LSE Library.
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    Cited by:

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    2. Robert Csehi & Daniel F. Schulz, 2022. "The EU's New Economic Governance Framework and Budgetary Decision‐Making in the Member States: Boon or Bane for Throughput Legitimacy?," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 118-135, January.
    3. Seikel, Daniel, 2016. "A social and democratic Europe? Obstacles and perspectives for action," WSI Working Papers 207, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
    4. Leon Kanthak & Dennis C Spies, 2018. "Public support for European Union economic policies," European Union Politics, , vol. 19(1), pages 97-118, March.

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