The document summarizes Paul Murphy MEP's presentation on the topic of "authoritarian neo-liberalism" in the European Union. It outlines how unelected bodies have increasingly taken over economic policymaking from elected governments. This has involved stricter fiscal rules and oversight of national budgets. The process began in response to the financial crisis but has continued steadily since. If unchecked, it poses a threat to democracy in the EU and will likely deepen the economic crisis through prolonged austerity. The only viable response is increased democratic control over economic policy and a rejection of the authoritarian neo-liberal agenda.