Technocracy and Democracy in the EMU
Universiteit van Amsterdam (UvA)
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Essay
Democratic Deficit in the European Stability Mechanism (ESM): Legal Analysis and Reform Proposals
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---14oktober 20252024/20257-8
- Comprehensive academic paper on the democratic deficit within the European Stability Mechanism (ESM). 
 
The paper identifies problems of transparency, accountability, and legitimacy in the ESM’s intergovernmental structure and explains how these issues undermine EU institutional balance. It discusses the legal framework of the ESM Treaty, references key cases (Pringle, Ledra), and evaluates the roles of the European Commission and European Central Bank. 
 
The author proposes specific legal r...
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