A New Governance for the European Union and the Euro: Democracy and Justice
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This article provides a democratic explanation for the crisis and the EU’s failure to successfully address it so far. It argues that the solution to the crisis and the future of EU governance must start with a renewed justification of the project of Euro¬pean integration, which must be founded on its democratic and justice-enhancing potential. It criticises two mainstream models of governance for the Euro area and explains the advantages and political viability of an alternative model based on a new EU budget, new EU policies, more EU politics and a more effective and legitimate political authority. The financial solidarity necessary for any successful model of gov-ernance of the EU must be detached from transfers between states and related, instead, to the wealth generated by the process of economic integration.
- Ph.D. – Minister in the Cabinet of the Prime Minister and for Regional Development at the Portuguese Government and Professor of Global Governance Programme (on leave) at the Robert Schuman Centre of Advanced Studies, European University Institute, Florence. Former Advocate General at the Court of Justice of the European Union in Luxembourg (2003-2009).
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