ABSTRACT

This chapter attempts to place the advent of EMU in the context of both ‘Euro-democracy’ and ‘domestic democracy’, i.e. in terms of its impact upon supra-national and national politics. It begins with the notion of a ‘double-bind’ that is affecting both levels of aggregation. The EU is undermining domestic democracy without replacing this decline in accountability to citizens by a higher level of democratic representation and decision-making. The EMU can only make this worse, but it may also trigger a large-scale process of politicization across national boundaries. The chapter, therefore, concludes that EMU makes the eventual democratization of the EU both more problematic and more urgent.