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The Politics of the Euro-ZoneStability or Breakdown?$
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Kenneth Dyson

Print publication date: 2000

Print ISBN-13: 9780199241651

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199241651.001.0001

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

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

Chapter:
(p.211) 7. The Legitimacy of the Euro‐Zone: The Problems of Social Justice, Consent, and Identity
Source:
The Politics of the Euro-Zone
Author(s):

Kenneth Dyson (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199241651.003.0008

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

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