Chapter

The Legitimacy of the Euro‐Zone: The Problems of Social Justice, Consent, and Identity

Kenneth Dyson

in The Politics of the Euro-Zone

Published in print September 2000 | ISBN: 9780199241651
Published online November 2003 | e-ISBN: 9780191599118 | DOI: http://dx.doi.org/10.1093/0199241651.003.0008
The Legitimacy of the Euro‐Zone: The Problems of Social Justice, Consent, and Identity

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From the viewpoint of stability, the Eurozone needs to be established and maintained within a normative political consensus that provides strong moral grounds for compliance with its directives. This makes it less dependent on specific non‐normative mechanisms, such as the Growth and Stability Pact, and minimizes the ‘Hobbesian’ threat to its stability arising from the political or economic disaffection that attends a ‘democratic deficit’. The consensus also serves to maximize the Lockean and Kantian pro‐integrative pressures based on political trust and morality.

Keywords: democratic deficit; Euro‐zone; Hobbes; Kant; Locke; stability

Chapter.  15129 words. 

Subjects: European Union

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