Governance by Finance

Can European democracy survive the reign of unelected central bankers?

Illustrations by Dalbert Vilarino

“Every crisis is an opportunity.” That slogan is often invoked in times of economic distress, and Europe is no exception — especially the eurozone, where ruling politicians and economic elites saw the post-2008 crisis as a chance to further entrench two neoliberal nostrums into economic policy: the belief that public deficit spending can only do harm, […]

Sorry, but this article is available to subscribers only. Please log in or become a subscriber.