A European banking union will only exacerbate the Eurozone crisis by further reducing democratic accountability
AbstractThe 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 governance in Europe.
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Date of creation: 26 Jul 2012
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-30 (All new papers)
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