https://rwer.wordpress.com/2012/03/30/money-circulation-on-the-eurozone-banks-deposits-under-the-lens/ Austerity, Enlargement and Monetary Union. The End of European Democracy. ´Not Waving But Drowning´. There are two things that the European Elites, in the Big Player countries at least, simply do not get. They are; Democratic Accountability and the importance of Economic Prosperity. If" it´s the economy stupid," that comes first and people vote … Continue reading Austerity, Enlargement and Monetary Union. The End of European Democracy. Not Waving But Drowning.