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Comments on a proposed „Treaty for the Democratisation of the Eurozone“ by Thomas Piketty and Friends (Christel Hahn)

Comments on a proposed „Treaty for the Democratisation of the Eurozone“ by Thomas Piketty and Friends (Christel Hahn)

Piketty’s „Pour un traité de démocratisation de l’Europe“, which is available in french since March, has just been released in german as „Für ein anderes Europa“ (for a different Europe). The subtitle of the german book clarifies, that the book presents a „Treaty for the Democratisation of the Eurozone“1, a very specific project, which of course should generally advance the democratisation of Europe.

The book of the famous economist is co-authored by a law professor and two political scientists and its core is the presentation of a draft treaty T-Dem (or DemV in german) for the establishment of a Parliamentary Assembly of the Eurozone. To show the legality and feasability of such a treaty the authors argue, that the ESM Treaty, which has been adopted by the Eurozone member states in a situation of emergency and has been found by the European Court of Justice to not violate the committment of these member states to the European Union as such, has created together with the establishment of the Eurogroup a necessary, but intransparent and undemocratic power mechanism, which is in urgent need of democratic control and legitimisation. So with the same urgency and with the same logic, that was approved by the European Court of Justice, a T-Dem should be conceived and implemented very fast to ensure the democratic and proper functioning of the Currency Union…

⇒ Read full article on #CitizensRoute73’Mag: Comments on a proposed „Treaty for the Democratisation of the Eurozone“ by Thomas Piketty and Friends (Christel Hahn)

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