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That would be nice (even if the EPP held the reins)

No, that wouldn't be nice. See what creating the ECB has wrought.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Tue Jun 7th, 2011 at 05:44:28 AM EST
[ Parent ]
between what is done by EU institutions without political legitimacy what is done by EU institutions with political legitimacy and right wing leadership.

It may look the same, but in one case, they do the "common wisdom" of the Serious People (ie, TINA) whereas in the other case they do rightwing policies which can be fought off as such, and reversed once you get a left wing leadership.

If people vote for rightwing governments, they can't complain about rightwing policies. If they vote for leftwing governments and get rightwing policies or TINA, then they have a right to be pissed.

EU institutions with clear political legitimacy/responsibility would be a massive progress.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Tue Jun 7th, 2011 at 06:48:16 AM EST
[ Parent ]
That is a distinction without a difference, because you're not considering the issue of institutions set up by right-wing governments, which institutionalise TINA.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue Jun 7th, 2011 at 08:37:46 AM EST
[ Parent ]
between institutional rules and political legitimacy. Both can impose or change policies, but only one (political legitimacy) can change the other.

Wind power
by Jerome a Paris (etg@eurotrib.com) on Tue Jun 7th, 2011 at 09:23:40 AM EST
[ Parent ]
Please answer this question.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Tue Jun 7th, 2011 at 09:43:00 AM EST
[ Parent ]

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