The architecture of the European Monetary Union (EMU) has often been understood to be built on a fundamentally ordoliberal framework. [1] The precise characteristics of what constitutes an ordoliberal framework are often not clarified, and they have been widely debated in contemporary scholarship. But a crucial characteristic of ordoliberalism, and one that has received comparatively little attention, concerns the importance of grounding economic policy in a “constitutional order”: ordoliberal political economy insists ...

Contrary to pre-electoral proclamations and the recent optimism of the government and its European allies, the situation since 2015 has only gotten worse. Pensions have been cut twice more (with additional cuts promised in future). More than 1 million Greeks have already suffered some form of appropriation due to debt, with another 1.7 million waiting in line - a number that represents only 70% of those indebted to the tax office. One in three face material and social deprivation (Eurostat, 2016), placing Greece third ...