The charismatic leadership of the ECB presidency: A language-based analysis

There is little doubt that the European Central Bank (ECB), and in particular its presidency, has taken the lead in tackling the euro crisis. But can this leadership be also characterised as charismatic? This article answers the question by focusing on language – a key component as well as a reliable indicator of charisma. By means of a software-assisted content analysis of the entire corpus of ECB presidential speeches, it is found that the crisis has indeed led to the emergence of the Bank's presidency as a charismatic euro leader. This in turn confirms the recent politicisation of the ECB, but at the same time might be seen as mitigating the problems related to the Bank's democratic deficit, to the extent that charisma can be seen, from a Weberian standpoint, as an alternative source of political legitimacy.     

Clarifying multilevel governance

Despite its widespread use in European studies and beyond, the concept of multilevel governance (MLG) still suffers from a considerable degree of uncertainty as to its precise meaning, which in turn hinders the cumulative development of this research programme. In an attempt to stimulate a systematic methodological discussion of the idea of MLG, this article presents a critical reconstruction of the concept structured around three ‘axes of ambiguity’– the applicability of MLG beyond the European Union; the role of non‐state actors; the focus on policy‐making structures versus processes – followed by a conceptual assessment and clarification strategy based on John Gerring's criterial framework. Building particularly on Gerring's criterion of causal utility, the article argues that the MLG concept is best clarified along the (not necessarily exclusive) lines of two theoretical directions emerging from the literature: MLG as a theory of state transformation, and MLG as a theory of public policy. For each of the two models, the criterial framework also indicates a number of corresponding conceptual shortcomings which MLG scholars should try to reduce as much as possible in future refinements of this idea.