The systemic crisis of Western capitalism could have been avoided if only democracy had set up countervailing powers necessary for the control of a market capitalism in a phase of globalisation. Democracy must regain the control that it has unduly and unwisely left to market forces. The way out of this systemic crisis will therefore call for political ruptures and crossing new thresholds towards an increased integration. Today, inside the EU-27, the eurozone is the most relevant level to rebalance the market and politics. But a new political integration drive raises the question of democratic legitimacy.

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