The Fiscal Compact Bypasses Democracy and the Rule of Law | Transnational Institute

Signed by 25 of 27 member states at the previous EU Summit, the “Fiscal Compact” falls into a similar pattern as the “Six Pack” on economic governance: the rule of law and the European Constitution, which at least formally grants democratic forms of participation, are shoved aside if necessary to impose European austerity politics.

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Filed under Democracy, Economism and neoliberalism, Financial crisis

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