Table of Contents: I. Introduction. – II. An Assembly fitted with the multifunctional nature of legislatures. – III. An insurance against free-riding. – IV. A fair share for the European Parliament. – V. The devil is in the details. – VI. Conclusions.
Abstract: A new assembly proposed for the Eurozone can be qualified as realistic utopia. Indeed, the Overview supports the view that the draft Treaty on the Democratization of the Governance of the Euro area (T-Dem) offers a coherent proposal given past lessons from legislative and EU studies. This is particularly the case regarding: a) the multidimensional functions of the Parliamentary Assembly of the Euro area proposed; b) the fact that this assembly would have important and open decisions to make; c) the provision of 80 percent of national Members of the Parliaments within it; d) the high level of detail regarding the membership of the assembly. Yet, the provisions of the treaty call for some changes or precisions regarding basic features of the parliamentary matrix, notably: pluralism, transparency and permanency.
Keywords: democracy – parliament – European Parliament – legitimacy – national parliaments – Eurozone.
* Associate Professor, Sciences Po, email@example.com.