Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Some Considerations on Democracy in
the Banking Union
Christoph Möllers
Humboldt-University/Wissenschaftskolleg zu
Berlin
1. Democracy as political contestation
1.1 Overlapping and blurred lines of contestation
- right/left
- centrism/EU-skepti...
2 Democracy as rational deliberation
2.1 Conceptual clarifications
- accountability enables democratic legitimacy, but
can...
3 Conclusion
No necessary legitimate value in integrating all
the actors
Critical unction of democratic theory
Upcoming SlideShare
Loading in …5
×

Some Considerations on Democracy in the Banking Union | European Banking Union – Democracy, Technocracy and the State of Integration

289 views

Published on

Conference: European Banking Union: Democracy, Technocracy and the State of Integration - Global Governance Programme, Robert Schuman Centre for Advanced Studies, European University Institute

By: Christoph Möllers, Humboldt-University/Wissenschaftskolleg zu Berlin

  • Be the first to comment

  • Be the first to like this

Some Considerations on Democracy in the Banking Union | European Banking Union – Democracy, Technocracy and the State of Integration

  1. 1. Some Considerations on Democracy in the Banking Union Christoph Möllers Humboldt-University/Wissenschaftskolleg zu Berlin
  2. 2. 1. Democracy as political contestation 1.1 Overlapping and blurred lines of contestation - right/left - centrism/EU-skepticism - layers of member state antagonisms - compare the US 1.2 The ECB as an institution - no general case against independence (2nd order) - but over-entrenched independence - internal political process within the ECB - in particular SSM: different case for independence - in particular SRM: representation and taxation
  3. 3. 2 Democracy as rational deliberation 2.1 Conceptual clarifications - accountability enables democratic legitimacy, but cannot substitute it - accountability cannot curtail independence - parliamentary accountability only works according to parliamentary procedures and powers 2.2 Application - “monetary dialogues” would only be relevant as far as legislative or appointment powers of the EP were concerned - secret talks to committees are useless
  4. 4. 3 Conclusion No necessary legitimate value in integrating all the actors Critical unction of democratic theory

×