With the resignation of Italian PM Berlusconi, after making sure austerity measures demanded by the EU were passed, and his replacement to be an unelected technocrat, is Italy actually much of a democracy anymore? How can it be if the elected PM can be suddenly replaced by an unelected technocrat without consulting the public? I should of course mention that I think Berlusconi is a complete twit, but should he not of been removed and an alternative PM offered in an election?
Greece is in a similar situation. It effectively has unelected foreigners in all of its governmental departments, with its head replaced by a technocrat after Papandreou suggested he might give the public a referendum on the austerity measures. How dare he even think of asking the voting public anything, eh? It was likely a decision that may have been brought on by the fact that Greece's politicians have to sleep with an eye open and with their windows shuttered in fear of their own voters. He was quickly removed and the prospects of the Greeks being allowed any say whatsoever is pretty much nil. Obviously this is because Greeks likely would've voted no to austerity, and doomed the world's economy. A price democracy is not worth.
Go back a bit, and you also have Portugal and Ireland, both eurozone countries that were unsuited to the euro, had to be bailed out, and subsequently had austerity measures imposed from Brussels with elections purposely postponed in both cases until said measures could be passed. The people could not be trusted to do what was required for their economies, and they couldn't be trusted to do what the rest of the eurozone and world wanted.
Lastly, consider what is being urged again and again from all the economists and politicians of the world; financial integration of the eurozone, and with it, political integration. The euro is largely to blame for most of the above situations in the first place, and most now claim to have seen it as flawed from the start, that there was no economic sense to it and only political vision, but now it's there to have countries dropping out in a disorganised fashion would be absolutely chaotic for the world economy. Therefore the public of eurozone countries, who never got a say on losing their currencies in the first place, will have to accept the fact that their individual nation states and democracies, along with their views, are in the way of saving the euro and world economy. I'll note here that the PM of my country, David Cameron, is among those urging eurozone integration. A man who used to call himself eurosceptic and supposedly champions giving the public a say on things.
Perhaps democracy is simply not worth it in times such as these then?



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