In this article, the author discusses how the crisis of the contemporary European Union appears not merely as a crisis of the so-called “democratic deficit”, the way in which Habermas has most notably articulated this argument, but rather as a structural and original crisis of political subjectivity and democracy per se. In other words, the crisis of the EU is systemic and refers to the concept of the political — especially in the context of twenty-first century Europe. In this framework, the differentiation between the concepts of Europe and the EU particularly discloses the neoliberal and postmodern character of the latter, i. e., at the same time the struggle for self-governance and autonomy of the former. Moreover, it is argued how it is precisely the return to ancient democracy that reveals the path for rethinking true democracy of contemporary Europe. This is especially emphasized in reference to both practices and the concept of the polis. In conclusion, it is claimed that new politics of emancipation, which first and foremost go back to the meaning of isonomia and isegoria and as such presents the project of autonomy, presents a reappearance of ancient democracy in contemporary times. Finally, this project is articulated as one of politics of time and likewise politics of locality.