ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Fall of Market Democracy in Europe

With the exit of Britain from the European Union, this ambitious supranational project now faces a seemingly intractable political crisis and a debate has ensued over the legitimacy of the union as a whole. As the sovereign debt crisis unfolded in Europe, neo-liberal economists and politicians offered to solve the problem by cutting back spending. But, advocating cutbacks according to the principles of market democracy created further political and constitutional risks in Europe.
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