The political endgame for the euro crisis

Charles A.E. Goodhart, Dirk Schoenmaker, 14 December 2011



The euro has a supranational monetary policy framework, while the fiscal side is still national/intergovernmental. We have a central bank president for the Eurozone, but no finance minister. But how could countries possibly cede sovereignty over some aspects of fiscal policy without democratic legitimacy?

Topics: EU institutions
Tags: European parliament, EZ crisis, EZ political integration

Vox eBooks