What Blanchard gets wrong: the puzzling persistence of managerialism in EU fiscal governance

The Covid-19 pandemic has prompted renewed debate over the architecture of Europe’s Economic and Monetary Union. Marco Dani, Dario Guarascio, Joana Mendes, Agustin José Menéndez, Harm Schepel and Mike Wilkinson respond to a recent proposal to overhaul the EU’s current fiscal framework. They argue that while the EU’s fiscal rules should undoubtedly be reformed, a more radical solution is required that puts democratic politics at the heart of the EU’s fiscal governance.