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2020 | OriginalPaper | Chapter

The Different Faces of Politics: Economic Governance and European Democracy

Author : Pedro Lomba

Published in: The Political Dimension of Constitutional Law

Publisher: Springer International Publishing

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Abstract

Against a depoliticized position that views the monetary union as the realm of epistocracy, strong economic and political bias and emergency decision-making, this contribution seeks to present the overall political and democratic challenges emerging from a more centralized, expert-based and politically sensitive European economic and monetary union. Courts are already responding to these challenges. Rather than interpreting democratic politics at the national and the European level as the two clashing forces preventing each other, the view is that both are part of a continuum of political ruling that requires political sensitivity, a sense of political purpose and overall transparency. For this also, economic governance cannot be seen only as the embodiment of strict rules and compliance procedures.

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previous chapter In Capital We Trust: The Eurozone: A Congeries of Material Norms Without a Constitution?
Footnotes
1
See Federico Fabbrini (2016).
 
2
Loic Azoulai (2016), pp. 449–463.
 
3
Robert Post (2010).
 
4
See Robert Dahl (1998), p. 37, on the normative standards that a democracy must accomplish.
 
5
As pointed out by Mattias Kumm (2010), p. 16: “there is no public representation of an alternative Europe that you could support”.
 
6
See Follesdal and Hix (2006), pp. 533–562.
 
7
See Maduro et al. (2017).
 
8
Foa and Mounk (2017).
 
9
Tuori (2014), p. 17.
 
10
See the Judgment of the Second Senate of 7 September 2011, 2 BvR 87/10, 2 BvR 1485/10, 2 BvR 1099/10 (our emphasis). See also Tuori (2014), p. 16.
 
11
See Judgment of 30 July 2019, 2 BvR 1685/14, 2 BvR 2631/14.
 
12
Widdig (2001).
 
13
See Bockenforde (2017), pp. 355–356.
 
14
Ibidem, p. 356.
 
15
See the Verbatim of the remarks made by Mario Draghi, at the Global Investment Conference in London 26 July 2012, at https://​www.​ecb.​europa.​eu/​press/​key/​date/​2012/​html/​sp120726.​en.​html.
 
16
See also Cafaro (2017), pp. 231–232.
 
17
In a less quoted piece published in a German newspaper, Draghi (2012) also wrote: “The challenges of having a single monetary policy but loosely coordinated fiscal, economic and financial policies have been clearly revealed by the crisis. As Jean Monnet said, coordination “is a method which promotes discussion, but it does not lead to a decision.” And strong decisions have to be made to manage the world’s second most important currency”.
 
18
See Siegel (2008), p. 959.
 
19
For a discussion, see Maduro et al. (2017).
 
20
See Buchanan (2010).
 
21
Manent (2017), pp. 9–18: “we speak a lot today of the limited capacities of national governments, and of the loss of legitimacy to which that leads. But it will not take long to appreciate the ineffectiveness of the despotism of Rules”.
 
Literature
Azoulai, L. (2016, April). “Integration through law” and us. International Journal of Constitutional Law, 14(2), 449–463.
Bockenforde, E. (2017). Which path Europe is taking (1997). In Constitutional and political theory – selected writings. Oxford University Press.
Buchanan, J. M. (2010). The reason of rules. Liberty Fund.
Cafaro, S. (2017). How the ECB reinterpreted its mandate during the Euro-crisis (and why it was right in doing so). In L. Daniele, P. Simone, & R. Cisotta (Eds.), Democracy in the EMU in the aftermath of the crisis. Springer.
Dahl, R. (1998). On democracy. Yale University Press.
Fabbrini, F. (2016). Economic governance in Europe: Comparative paradoxes and constitutional challenges. Oxford University Press.
Foa, R. S., & Mounk, Y. (2017, January). The signs of deconsolidation. Journal of Democracy, 28 (1), 5–16.
Follesdal, A., & Hix, S. (2006). Why there is a democratic deficit in the EU: A response to Majone and Moravcsik. Journal of Common Market Studies, 44(3), 533–562.
Kumm, M. (2010). Democratic challenges arising from the eurocrisis: What kind of a constitutional crisis is Europe in and what should be done about it? Brussels: European Parliament, Directorate General for Internal Policies – Policy Department C: Citizens’ Rights and Constitutional Affairs.
Maduro, M. P., Frada, A., & Pierdominici, L. (2017, May). Crisis between crises: Placing the Portuguese constitutional jurisprudence of crisis in context. e-publica, 4(1).
Manent, P. (2017, June). Populist demagogy and the fanaticism of the center. American Affairs, 1 (2), 9–18.
Post, R. (2010). Theorizing disagreement: Reconceiving the relationship between law and politics. California Law Review, 98, 1319–1350.
Siegel, N. (2008). The virtue of judicial statesmanship. Texas Law Review, 86, 959–1032.
Tuori, K. (2014). The Eurozone crisis as a constitutional crisis. In M. Fichera, S. Hanninen, & K. Tuori (Eds.), Polity and crisis reflections on the European Odyssey. Ashgate.
Widdig, B. (2001). Culture and inflation in Weimar Germany, (Weimar and Now: German Cultural Criticism). University of California Press.
Metadata
Title
The Different Faces of Politics: Economic Governance and European Democracy
Author
Pedro Lomba
Copyright Year
2020
Book
The Political Dimension of Constitutional Law

Print ISBN: 978-3-030-38458-6

Electronic ISBN: 978-3-030-38459-3

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-38459-3_10