The treaty proposed by Piketty et al. makes it possible to overcome the sterile opposition between sovereignists and federalists. Yet, rather than democratizing Europe, the creation of a new assembly risks increasing the prevailing institutional confusion.
The proposal by a group of academics to institute a parliament of the euro area has garnered considerable attention. However, according to S. Vallée, this institutional reform would hinder the development of a transnational European democracy. What follows is the first part of a debate between the authors and their critics.
