Europe's Greatest Deficit Is its Democracy
Jeff Cimbalo
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Posted 01.08.2012
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Canada Business
Read More:
Greece Debt Crisis,
European Debt Crisis,
European Commission,
Papandreou,
Eu,
Larry Siedentop,
Canada Business News
Soon-to-be-former Greek Prime Minister Papandreou had the right instinct calling for a referendum on the austerity package. There has been a long-stranding "democratic deficit" within the European Union, with major decisions being made without the input of the Union's citizens. The latest crisis is only increasing this deficit.
