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The Eurozone Crisis: A Crisis of Politics, Not Just Economics


The economic policies of the eurozone crisis, generally presented in apolitical terms, are political both in their underlying principles and in their effects. The EU's 'policy without politics', based on ordo-liberal ideas for macroeconomic austerity and neo-liberal ideas for structural reform, has left the member states with 'politics without policy', in which dissatisfied citizens have had little recourse. This has led to increasing political disaffection, polarisation, and Euroscepticism. Proposals to politicise so as to legitimise the EU by electing the Commission President hold some promise, in contrast to election of the Council President. But the danger, given the eurozone crisis, is that such elections will only politicise so as to delegitimise.

Keywords: European Union, democratic deficit, eurozone crisis