The Euro Crisis, Economic Governance and Democracy in the European Union
The recent sovereign debt crisis has raised further concern about democracy in the European Union. The paper aims at considering some aspects of the European economic governance model, which has emerged in response to the sovereign debt crisis, and assessing how such model accords with the principles of democracy recognized by the Treaty of Lisbon. The author believes that the management of rescue measures does not provide for enough involvement of the European Parliament or of national Parliaments and, therefore, rises a democracy principles issue. In fact, the sovereign debt crisis has clearly indicated the need to enhance the democratic legitimacy of European economic governance. Hence, the democratic issue will remain at the centre of the debates on the future of European integration.