According to the dictionary, plutocracy (from the Greek ploutos, “wealth,” and kratos, “power”) is a system of government where money is the basis of power.
when we chose to share monetary sovereignty and set extremely picayune rules on public deficits
After months of reflection, the members of the now famous troika (the European Commission, the ECB, and the IMF) got the disastrous idea to tax all bank deposits
which are then immediately belied by events a few weeks later
this is one of those words that I theoretically know but sometimes think means the opposite
The Lisbon Treaty, which entered into force in late 2009, was intended to make EU governance more transparent and democratic, notably by replacing unanimous decision making in the European Council with a system of “qualified” majority voting for most policy areas, and also opening many ministerial council meetings to the public
