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Palgrave Macmillan

The Political Economy of Monetary Disunion

The Greek Crisis and Ordoliberal Assemblages

  • Book
  • Jul 2024

Overview

Authors:
  1. Radman Šelmić

    1. Centre for Responsible Business, Birmingham Business School,, University of Birmingham, London, United Kingdom

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  • Compares different EU strategies for addressing economic crises in 2010 and 2020
  • Analyses mechanisms used during the Eurozone crisis to transfer financial responsibility
  • Assesses green transformation as a possible solution for several Eurozone challenges

Part of the book series: Studies in the Political Economy of Public Policy (PEPP)

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Keywords

  • Greece
  • Eurozone
  • Assemblage
  • Ordoliberalism
  • Poststructuralism
  • ECB
  • Austerity

About this book

This book reassesses the Greek financial crisis of 2010, by placing it within the broader crisis of the European Economic and Monetary Union. Whilst it has been broadly accepted amongst academics and policymakers that the Eurozone turmoil originated in the banking sector and then deterritorialized towards peripheral Economic and Monetary Union countries, the mechanisms implemented for this transformation remain understudied. Using Deleuze and Guattari's concept of the assemblage in a non-performative way, this book addresses this gap by analyzing the mechanisms used in Greece and the Economic and Monetary Union to transfer the financial and moral responsibility of the crisis from the private to the public sector. Combining insights from political economy, economics and social studies of finance, it provides a critique of the austerity policies imposed by European institutions, and discusses the ‘green and just transformation’ as the best way forward to overcome the ongoing Eurozone problems. It also provides a critical comparison of the EU’s strategies for addressing the Eurozone turmoil and the economic crisis in 2020, caused by the coronavirus pandemic. It will appeal to students and scholars of political economy, public administration, economics, and European politics.

Authors and Affiliations

  • Centre for Responsible Business, Birmingham Business School,, University of Birmingham, London, United Kingdom

    Radman Šelmić

About the author

Radman Šelmić is an institutional adviser specialized in green and circular economics. He has previously worked at the University of Birmingham and the University of Leicester, UK.                

Bibliographic Information

  • Book Title: The Political Economy of Monetary Disunion

  • Book Subtitle: The Greek Crisis and Ordoliberal Assemblages

  • Authors: Radman Šelmić

  • Series Title: Studies in the Political Economy of Public Policy

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024

  • Hardcover ISBN: 978-3-031-37368-8Due: 12 August 2024

  • Softcover ISBN: 978-3-031-37371-8Due: 12 August 2024

  • eBook ISBN: 978-3-031-37369-5Due: 12 August 2024

  • Series ISSN: 2524-7441

  • Series E-ISSN: 2524-745X

  • Edition Number: 1

  • Number of Illustrations: 25 b/w illustrations

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