Political crisis at the bottom of euro troubles – solutions?

The first four instalments were Transparency during the eurozone crises and Euro crises: European Council eviscerated? and Eurozone governance: Fundamental flaws but better presentation and Euro crises exposed and added to EU lack of legitimacy and democracy. The articles were based on my speech at the 22 February 2012 Attac seminar about the implications of the new fiscal discipline in the EU. These blog entries contain some modifications, updates and documentary references, which complement the oral presentation.

Here I continue the discussion with facts and opinion beyond the short address.


”Comprehensive solutions”

After umpteen ”comprehensive solutions”, the limits at EU and eurozone level are finally sinking in (although the solutions deemed possible and necessary are likely to drive us to distraction or despair).

In The European Council in 2011, the tone of EUCO and Euro Summit president Herman Van Rompuy was quite sober. In the General Report on the Activities of the European Union 2011, even Commission president José Manuel Barroso had toned down his often flowery rhetoric.

”Victories” had turned sour often enough for a mood of quiet determination to become appropriate.


Breathtaking, still...

Still, what the cascade of conclaves, summits and institutions has churned out during a short period is breathtaking by EU standards, and ordinary citizens of the union have most certainly been left out of breath by:

The European Financial Stability Facility (EFSF) of the euro countries (beefed up), the European Financial Stabilisation Mechanism of the EU, the permanent European Stability Mechanism (ESM) already beefed up, the integrated planning tool the European Semester, with the Annual Growth Survey (AGS), the Euro Plus Pact (23 countries), the six-pack legislation, the Green Paper on eurobonds (sorry, stability bonds), the two-pack proposals, the TSCG or ”fiscal compact” to be signed, the Commission's first Alert Mechanism Report, as well as the rescue packages for Ireland and Portugal, and now twice into the seemingly bottomless pit of Greece, firefighting in Spain and Italy etc.

Fast and unprecedented by EU standards, but we are still far from where we should be.

Without the operations of the much vilified European Central Bank (in conjunction with other central banks in the world), meltdown would probably have occurred in the eurozone in December or a little later, with disastrous consequences for Europe and the global economy.

We have seen emergency solutions to the financial and economic ills, but not acknowledgement of the root cause, the political crisis at the bottom of this.

The crucial issues of legitimacy, democracy, sufficient powers, accountability and transparency have been almost totally absent from the discourse of the national and EU leaders, and these challenges have figured only marginally in the wider public debate.

Essentially, our leaders communicate their desire for nicer interior design of the prison they have built for themselves and their hope that the crises will somehow go away.

Are we getting what we deserve to get? Or, should we upgrade our thinking and that of our leaders?



Ralf Grahn
speaker on EU affairs, especially digital policy and law

P.S. 1: For better or for worse, between the global issues and the national level, the European Union institutions and the eurozone coteries shape our future. At the same time we see an emerging European online public sphere. More than 900 euroblogs are aggregated by multilingual Bloggingportal.eu. Is your blog already listed among them? Are you following the debates which matter for your future?

P.S. 2: Referring the anti-piracy treaty #ACTA to the Court of Justice of the European Union (CJEU) marks a lull in the proceedings, but not an end to the political battle. A few moments ago, the online petition launched by @Avaaz for the European Parliament (and the national parliaments) to reject ACTA had already been signed by 2,444,822 netizens, but more are welcome until the official burial.

EU Council presidency of Denmark in the media 1/2

After a look at media reporting about the Danish presidency of the Council of the European Union, the euroblogger Jon Worth pronounced ”perhaps not stellar, but at least there is some online discussion about the Press Trip and the launch of the Presidency”.


UK official blogging (FCO Blogs)

You can check Worth's blog for several entries about the press trip and the Danish presidency. He proceeded to give sound blogging advice to the presidency blog launched by the Copenhagen British Embassy (FCO Blogs), based on the post by the UK ambassador Nick Archer about the beginning of the Danish presidency.

According to the ambassador, the prime minister and the deputy prime minister of the United Kingdom are passionate enough about some of the (thirty plus) policies of the European Union to abstain from heading for the exit, namely growth, jobs, Single Market and free trade.


Linking and engaging

I am not going to start providing photos, but let us take Jon Worth's blogging lesson about linking and engaging (discussing) seriously, just adding that substance and sources have a role in political and legal affairs.

It may be somewhat self-centred to start by linking to myself before beginning the wider media tour, but my blog posts present and discuss the Danish priorities and make references to primary sources, while occasionally linking to news reports and media comments, including blog entries.

Grahnblawg (SV): Ekonomisk politik under pågående kris: Danmark ordförande i EU:s råd

Grahnlaw (EN): Growth and jobs: Denmark's EU Council presidency

Eurooppaoikeus (FI): Tanska vesijohtovedellä maineeseen: Painotukset EU:n neuvoston puheenjohtajana

Grahnblawg (SV): Danmark första gröna ordförandeskapet för EU:s råd?

Grahnlaw (EN): A safe Europe a priority Denmark has opted out of

Grahnlaw (EN): EU Council presidency with opt-outs

Grahnlaw (EN): Thorny questions for Denmark and EU Council

Eurooppaoikeus (FI): Tanska: neljän prioriteetin ja poikkeuksen paradoksi EU:ssa

***

Far from stellar, but an introduction to the next six months of monitoring. In part 2/2 I am going to look at some of the news and opinion I have noticed and gathered for my readers with regard to the EU Council presidency of Denmark.



Ralf Grahn