Firstly, the paper will shortly analyse the main reforms of the European economic governance adopted during the crisis. Secondly, it will explain their impact in economic, social and political terms. The third part of the paper will consider the new decision-making process and the role of all the institutional actors involved, with more emphasis on the function of representative and technical institutions. It will also provide an introduction to the research about how the latest reforms of the European economic governance changed the national parliaments’ functions to represent, control and decide. The conclusion summarizes some analytical indications concerning the consequences of the reforms on the European democracies in terms of representation, political rights, policy effectiveness, social contract. The main theoretical consequences of this study will be in terms of conditions of democracy in the European member states.
KEYWORDS: fiscal policy, budget, national parliament, institutional design, democracy
