I. The European crises that were unleashed in 2007 by the global financial meltdown have resulted in a radical change of the European Union in political and constitutional terms. The crises have acted as the trigger of an constitutional mutation.
Power has been centralized, not to be exerted via the most representative institutions, but, on the contrary, by the least representative ones (the European Central Bank, the Commissioner of Economic and Monetary Affairs, the Eurozone “Junta” where executive leaders of the Eurozone meet on openly unequal terms, those of “creditor states” not only strong on their financial position, but also on the new procedural rules that allow the minority—the so-called creditor club—to impose their views on the majority—the so-called debtor club).