The purpose of this essay is to suggest that, if six or more democratic states decide to share sovereignty in order to prevent war, the international organisation, which they establish to this effect, should be democratically governed too. According to the prevailing theory of international...

The euro is widely believed to be a currency without a sovereign state. To make the euro a stable currency, many commentators recommend a move to a federal fiscal Europe by issuing eurobonds or levying European taxes. By contrast, we argue in this paper that the EU and the euro area member...