GAME TO SAVE THE EURO

While tensions in the eurozone are reaching boiling point, Dutchman Jaap Hoeksma has devised a game to rescue the euro. The EU Governance Game Eurocracy explains what the European Union is and demonstrates how the euro can be saved. The game as such is pretty simple. The rules are based on the Lisbon Treaty and the aim of the game is to become President of the European Union.

The EU
The main revelation of the EU Governance Game Eurocracy is that the EU has not become a state and yet forms a democracy. The Lisbon Treaty constructs the EU as a representative democracy without turning the Union into a state. Consequently, the EU may be described as a Union of sovereign states, in which the citizens of the member states are also citizens of the Union. The European Union is, in other words, not only a club of democratic states, but also constitutes a democracy of its own.

The Euro
The construction of the EU as a democratic polity of citizens and member states is based upon an innovative approach of the concept of sovereignty. In the EU, sovereignty is no longer regarded as a static concept. According to article 1 of the Lisbon Treaty the member states are conferring competences on the EU in order to attain objectives they have in common. The principle of joint sovereignty also forms a precondition for the existence of the euro. In the eyes of the markets, however, this construction is flawed. Bankers and investors believe that a currency must be backed by a state. They perceive the euro as a currency without a state that is doomed to fail. As a result of these conflicting views, the rating agencies are treating the defaulting member states of the euro area as if they were isolated countries. In doing so, the rating agencies are in fact exarcerbating the sovereign debt crisis.

Saving the Euro
The EU Governance Game Eurocracy takes about one hour to play. The winner receives the Euro-Button which has been devised for the present campaign and is invited to put forward suggestions for saving the euro. These suggestions will be presented in Brussels on Europe Day, 9 May 2012.

For further information please contact euroknow@gmail.com