Governance by Finance
Can European democracy survive the reign of unelected central bankers?
![](https://images.jacobinmag.com/wp-content/uploads/2018/11/26155710/governance-by-finance.jpg)
Illustrations by Dalbert Vilarino
“Every crisis is an opportunity.” That slogan is often invoked in times of economic distress, and Europe is no exception — especially the eurozone, where ruling politicians and economic elites saw the post-2008 crisis as a chance to further entrench two neoliberal nostrums into economic policy: the belief that public deficit spending can only do harm, […]