EU - the Evil Under the Sun

EU DEFICITS:

ADD DEMOCRACY TO ITS SHORTFALLS

The ECB's plan to restart its bond-buying program is possibly the most important decision of the euro crisis. But the Bank is not subject to control by national parliaments. Europe's leaders consider saving the euro to be more important than preserving democracy.

On another - juridical - front, the German government is convinced, hopefully with futility, that the Constitutional Court will this week clear the path for the permanent euro bailout fund to go into operation. But it also faces a new challenge: A major German critic of the government's euro rescue policies is rightfully suing over the European Central Bank's bond-buying plans despite the lack of authorization and legitimation.