Edition: International | Greek
MENU

Home » EU Actually

THE WEEK THAT WAS... (Feb. 25, 2013)

EBR Chief-editor’s Monday Morning Column. This week N. Peter Kramer writes about "The end of Democracy in the EU is not far away"

By: EBR - Posted: Monday, February 25, 2013

It is clear, that national Ministers of Finance have their seat in their national capital, but there is only one who decides: a European Commissioner in the Berlaymont in Brussels.
It is clear, that national Ministers of Finance have their seat in their national capital, but there is only one who decides: a European Commissioner in the Berlaymont in Brussels.

The beginning of the end of parliamentary democracy in Europe is arriving. It started when, under pressure of ‘Brussels’, the Greek citizens were not allowed a referendum on the austerity they were facing and that is killing their society and their dignity now.

Do you realise what it means when you have to make a choice to buy food or necessary medicaments? That’s what happens in Greece at the moment. Not so long after that the Italians had to accept, under the same ‘Brussels pressure’, Mario Monti, a former European Commissioner and a former Goldman Sachs top employee, as their non-elected prime minister.

Last week the European Parliament embraced the famous twopack that gives the right to the European Commission to interfere in the national budgets of the member states.

Can you imagine? European civil servants, not elected not under democratic control, can decide about the budgets of member states.

It is clear, that national Ministers of Finance have their seat in their national capital, but there is only one who decides: a European Commissioner in the Berlaymont in Brussels.

And what to think of Mario Draghi, the president of the European Central Bank in Frankfurt, never democratically elected and also a former top employee of Goldman Sachs (whose CEO once told people that he was sent by God himself). Draghi decides about European monetary policy where there is no such a thing as democratic control.

The political philosopher Thomas Decreus wrote recently that the Achilles heel of market thinking is democracy. Interesting! If Decreus is right a totalitarian derailment in the EU is not far away.

But it seems that European politicians are not really worrying about it …

READ ALSO

EU Actually

Only President Antonio Costa believes in a deal in his EU Council before Christmas

N. Peter KramerBy: N. Peter Kramer

In his weekly column N. Peter Kramer writes that EU member states are deeply divided over the EU’s next seven-year budget. Do we know more after the EU Council on Thursday?

Europe

The EU’s Middle-Power Puzzle

The EU’s Middle-Power Puzzle

While the EU and European governments are embracing the much-lauded middle-power moment, this entails three difficult conundrums

Business

Businesscraft: Japan’s Quiet Discipline for a Fractured World

Businesscraft: Japan’s Quiet Discipline for a Fractured World

For almost thirty years after the end of the Cold War, geopolitics stayed away from the corporate boardroom. Geopolitical considerations belonged to the foreign ministry or to a dedicated risk committee back at headquarters, and rarely crossed a CEO’s desk.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron