Is Europe going far enough? Reflections on the EU's economic governance

Abstract

Europe's economic governance is not only highly complex, but also increasingly inefficient and therefore unsustainable in the long run. This conclusion is reached from the theory of collective action and the difficulties in democratic legitimacy. The solution would be the creation of a European government accountable to European citizens.

Keywords:

• Collective action
• democracy
• economic government
• EMU
• open method of co-ordination