Accountability in the Economic and Monetary Union

The “globalization trilemma”

Authored by: Nikitas Konstantinidis , Ruben Treurniet

The Routledge Handbook of European Public Policy

Print publication date:  November  2017
Online publication date:  November  2017

Print ISBN: 9781138927339
eBook ISBN: 9781315682723
Adobe ISBN:

10.4324/9781315682723-15

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Abstract

I think that the rules of democratic process are often made mockery of by the way that the markets work. The timing for taking decisions in a democracy is completely different from the timing of taking decisions in financial markets, and unfortunately, and I say this with a deep regret, often democracy is victim to the way the market works.

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