The Crisis of European Democracy
Europe today is facing a crisis of representative democracy, which means that, even if the euro is saved, Europe will not be. And, vice versa, unless the political crisis is resolved, it may not be possible to save the euro.
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LONDON – The success of mainstream parties in the Greek and French elections – New Democracy in Greece and the Socialists in France – has encouraged many to hope that the political status quo has prevailed in the face of populist temptations. But the overwhelming lesson of these elections is the inadequacy of national representative democracy in meeting citizens’ aspirations. In neither Greece nor France can new governments provide a solution to the eurozone crisis.