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Troikanomics

Austerity, Autonomy and Existential Crisis in the European Union

Authors: Kinsella, Ray, Kinsella, Maurice

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  • Questions the increasingly prevailing opinion that the European crisis has ended by providing an interdisciplinary analysis of the dynamics of the European response to it
  • Argues Troikanomics, more than any other institutional innovation, has been the catalyst for and the abandonment of Europe’s foundational values
  • Examines the philosophical underpinnings to Europe's crisis
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eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-319-97070-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-319-97069-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

The ‘Troika’ is a word that is scorched into the narrative of the EU’s banking and economic crisis – a triumvirate constituted by the European Central Bank, the European Commission and the International Monetary Fund. The modus operandi of the Troika is defined by the authors of this book as ‘Troikanomics’.

Ostensibly, the role of the Troika was to develop, coordinate and oversee the provision of conditional funding to support national governments in restructuring their economies. In fact, their power and influence extended far more widely. They enforced an unprecedentedly severe austerity programme of fiscal and structural adjustment through oppressive political oversight. Their practical impact was to impose on debtor countries in the EU periphery the single greatest economic and social dislocation in Europe’s recent history, thus corroding their autonomous capacities and enfeebling their national sovereignty.

The Troika’s word was law in those countries where its writ ran – Greece, Ireland, Cyprus, and to a more limited extent, Spain. It was answerable only to a trio of unelected organisations, far removed from the consequences of its policies on the lives of citizens. Widespread socio-political reaction to Troikanomics gave shape to the anti-austerity movement across the EU, characterised by the centre as ‘Populism’.

This book provides a timely response to the revisionist argument that there is no longer a ‘crisis’ in Europe. In their innovative analysis, the authors argue that Troikanomics is a manifestation of a deeper existential crisis within the EU that encompasses the centralisation of power, Brexit, Europe’s ominous militarisation and the progressive abandonment of its foundational values.

About the authors

Ray Kinsella began his career as an economist in the Central Bank of Ireland, before being appointed Professor of Financial Services at the University of Ulster, UK and subsequently to the Faculty of the Michael Smurfit School of Business in Dublin, Republic of Ireland. 

Maurice Kinsella received his PhD from the School of Philosophy at University College Dublin, Republic of Ireland. He lectures in philosophy and professional ethics at the Galilee House of Studies, Republic of Ireland. He has published widely on the subject of autonomy.


Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-319-97070-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-319-97069-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Troikanomics
Book Subtitle
Austerity, Autonomy and Existential Crisis in the European Union
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-97070-7
DOI
10.1007/978-3-319-97070-7
Hardcover ISBN
978-3-319-97069-1
Edition Number
1
Number of Pages
IX, 217
Number of Illustrations
2 illustrations in colour
Topics