2015-06-20irishtimes.com

Regrettably, my presentation was met with deafening silence. Excepting Michael Noonan's apt remark, all other interventions ignored our proposals and reiterated the frustration of ministers that Greece had . . . no proposals.

...

The euro zone moves in a mysterious way. Momentous decisions are rubber- stamped by finance ministers who remain in the dark on the details, while unelected officials of mighty institutions are locked into one-sided negotiations with a solitary government-in-distress.

It is as if Europe has determined that elected finance ministers are not up to the task of mastering the technical details; a task best left to "experts" representing not voters but the institutions. One can only wonder to what extent such an arrangement is efficient, let alone remotely democratic.



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