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If they are open and credible, they will create the confidence and legitimacy required for genuine long-term stability.
"With a referendum, we will find the power and the legitimacy required at this time of transformation," she said.
The plain fact is that the European Parliament, worthy though its efforts are, has not provided the legitimacy required.
It's planning to regulate the P2P lending sector, something that is said to be welcomed by the major players and could provide the legitimacy required to bring this alternative form of financing into the mainstream and really give the banks a run for their money.
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Nonetheless, sustainability and legitimacy requires domestic political support and finance in the medium term.
Democratic legitimacy requires that its broad outline be debated and agreed by les chefs.
A central claim of deliberative democratic theory (see also Box 1) is "that legitimacy requires the right, opportunity, and capacity of those subject to a collective decision to participate in consequential deliberation about the decision" (Stevenson and Dryzek, 2012: 2012
Specifically, political legitimacy requires that a minimal standard of justice is met.
Some political philosophers, for example, argue that political legitimacy requires the actual or implied consent of the governed (Otsuka 2003, 89 113; Simmons 1999).
Democratic instrumentalism is the view that democratic decision-making procedures are at best a means for political legitimacy, and whether or not legitimacy requires democracy depends on the outcomes they bring about.
John Rawls argues that the liberal principle of political legitimacy requires that coercive institutions be so structured that they accord with the reasonable views of the members of the society.
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