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Beitrag zu Periodikum
Europe’s authoritarian shift
(2023)
The European Union prides itself for being a legal order and a supranational organisation created through, and organised around, a specific institutional framework and an ordoliberal-inspired “rules against discretion” approach. Theories of ‘integration through law’ abound and the European Monetary Union (EMU) remains a unique common currency area structured within a constitutional framework. Officially, the formal priority of treaties, mandates and the European legal framework are presented as the sine qua non of ...
Aufsatz
Ordoliberalism Out of Order? The Fragile Constitutionality of Greek Austerity (Part Two)
(2020-06)
This is the second part of a two-part post. The first part, available here, considered the historical background of the concept of constitutional order and its relation to the ordoliberal project. Judicial independence was examined in parallel with central bank independence, with each understood as a means of insulating policy from social and democratic pressures and also as a means of enacting and maintaining fiscal discipline and market-conforming order. It also included some preliminary observations on the relation ...
Verschiedenartige Texte
Ordoliberalism Out of Order? The Fragile Constitutionality of Greek Austerity (Part One)
(2020-05)
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 ...
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Greece: Austerity's unexpected allies
(2018-04)
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 ...