Articles by Katoikos World

The editorial team of Katoikos


What democracy for Europe?

During the past few months most politicians and commentators have praised the democratic progress in the Union. The fact that political parties announced their candidates for the Commission Presidency in advance of the elections for the European Parliament; the visits these “Spitzenkandidaten” paid to many cities in the Union; the lively exchanges that took place in the European Parliament during the confirmation hearings of the commissioners-designate, have been interpreted as major steps towards addressing the so-called democratic deficit in the European Union´s institutions. Some have said that the current Commission leadership benefits from a “very strong democratic legitimacy”.

Draghi and the San Gennaro Miracle

The city where the latest European Central Bank (ECB) meeting was held, Naples, could have been centre stage for its President Mario Draghi to introduce the much-anticipated and miraculous Quantitative Easing (QE), which has yeilded good results for the US economy. Despite playing on home turf, however, the Italian banker chose to keep that ace (the purchase of public debt similar to those purchased by the US Federal Reserve) up his sleeve, and to stick to the path set by asset-based securities. This means buying private debt, as early as this month, to revive an ailing eurozone that registers a stagnant five-year low inflation rate.

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