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legitimacy is explored, distinguishing between governance as effective implementation, governance as a complement of democratic … legitimacy and governance as an alternative to democratic legitimacy. When compared against the original design of the Economic … European Union further away from the theoretical assumptions of democratic legitimacy. In particular, concerns from a …
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legitimacy. The paper considers the seriousness of this legitimacy problem. It starts by revisiting the classic division between … "input" and "output" legitimacy in the context of EMU and finds that, given a lack of will to commit to deeper integration … suggests that the "legitimacy problem" is manageable as long as national governments and parliaments are resolute in dealing …
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On the basis of a brief reconstruction of the causes and impacts of the euro crisis, this paper explores, counterfactually and hypothetically, whether the new euro regime, insisting on fiscal austerity and supply-side reforms, could have prevented the rise of the crisis or is able to deal with...
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legitimacy. Moreover, present efforts by EMU governments to “rescue the euro” will do little to correct the economic imbalances …
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