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Democratizing the Eurozone

Varoufakis, Yanis, (2015), “Democratizing the Eurozone”, Project Syndicate, 1 Σεπτεμβρίου.

Like Macbeth, policymakers tend to commit new sins to cover up their old misdemeanors. And political systems prove their worth by how quickly they put an end to their officials’ serial, mutually reinforcing, policy mistakes. Judged by this standard, the eurozone, comprising 19 established democracies, lags behind the largest non-democratic economy in the world.

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