In assessing the abilities of the E.U. states of Greece and Italy to manage their respective debt-loads as expected by E.U. leaders, the impacts from the governance systems can be distinguished from the impact from compromised or failed leadership. In general terms, a forceful, visionary leader can leverage an existing governance system to “produce.” However, it is also true that a faulty system can make transformational leadership difficult if not nearly impossible.
The full essay is at "Essays on the E.U. Political Economy," available at Amazon.
The full essay is at "Essays on the E.U. Political Economy," available at Amazon.