US election system. Is the US really a democracy, or a duocracy?

[Figment]

Tbh, I'm quite afraid about the future the ECB brings, since it's currently controlled by an Italian who might be more prone to bending the rules for southern Europe a little.

He already kinda did.

Aside from Icesave, there's not been many problems up north. Banks had to be bailed out, but those already paid back virtually everything. Biggest threat atm is our pension funds due to the stock exchange collapse on top of increasing average age of the populace.