Politics and Finance in the European Union

The European Union‐wide financial crisis has shown the degenerative effects of an advanced capitalism including, among others, the limits of a growth‐model that proved to be inadequate to balance out certain uneven realities. Some basic points of the regulation concerning the European financial system seem to have become obsolete given that European Union ‘political’ institutions were not able to contest the ‘market power’. Thus, this paper analyses the relationship between ‘politics’ and ‘finance’ in the European Union context highlighting the modalities by which the European Union exercises its deliberative powers based on a process substantially influenced by a co‐decision model.