MOODY'S AND THE
EUROPEAN UNION
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Liberation, France
Democracy Crippled:
Economics Replaces the Separation of Powers
 
"This
old paradigm has been swept away by the financial crisis. The last three years,
with all their ups and downs and breathtaking tempo, have shown how obsolete this
basic structure has become. … With nothing to counterbalance or regulate it, this
new and more brutal structure now controls the others and imposes its own laws."
 
By Nicolas Demorand 
 
Translated By Mary Kenney
 
December 7, 2011
 
France - Liberation - Original Article (French)
Executive,
legislative, judiciary: political philosophy teaches that a democratic state is
based on the separation of these three powers, but also on the counterbalancing
dynamic that each exerts on the other two, with no one power watching itself. This
old paradigm has been swept away by the financial crisis. The last three years,
with all their ups and downs and breathtaking tempo, have shown how obsolete this
basic structure has become. 
 
Nicolas Sarkozy
and Angela Merkel, with great pomp and self-satisfaction, announce their
projects for Europe. Just a few hours later, a rating agency makes them look
ridiculous by placing the eurozone under a negative credit watch. The founding structure
of democracy is now being replaced with a new and more brutal economic one. With
nothing to counterbalance or regulate it, this now controls the others and
imposes its own laws.    
Posted
by WORLDMEETS.US
 
Never has the balance of
strengths and weaknesses been so apparent; never has political power seemed so
crippled. The principal issue in the presidential campaign will be to mask the
political turmoil and sheer impossibility of any effective political action. The
three years that have just elapsed have seen firefighters chasing fires, but always
too late. Commentators will focus on the beauty of the diplomatic movement and
the skill of diplomatic compromise. But it will all be played out, today and
tomorrow, in the management of the social consequences of the crisis.
 

Senior columnist John Authers and editor
Lionel Barber discuss how the 
new treaty to enforce changes to the E.U.'s fiscal rules could be enforced
 without Britain on board, whether it's enough for to appease markets, 
and 
  where Cameron's stand leaves Britian.
    
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