This book is about the global crisis and the right to resistance, about neoliberal biopolitics and direct democracy, about the responsibility of intellectuals and the poetry of the multitude. Using Greece as an example, Costas Douzinas argues that the persistent sequence of protests, uprisings and revolutions has radically changed the political landscape. This new politics is the latest example of […]
The Bundesbank’s disingenuous claim that Southern Europeans are richer than Germans has stoked anti-bailout sentiment.
Recent weeks have seen the German Central Bank and the European Central Bank release studies that have suggested that Germans have less wealth than Southern Europeans. Stefan Bauchowitz and José Javier Olivas argue that differences between the data used and the composition of German and Southern European households make this comparison largely meaningless. They write that the studies have been […]
Reflecting on the recent crisis in Cyprus, Vassilis Paipais and Eirini Karamouzi write that the imbroglio over the county’s banks shows both the difficulties currently faced by the eurozone and the power of Germany in Europe. They argue that the crisis has also brought to the surface real antagonisms over wealth inequalities in the eurozone, and warn that the increasing polarization between […]
There can be little doubt that the EU faces a political crisis. But is this really an existential crisis for the European project, as many claim? Writing in a personal capacity, Henry Radice argues that muddling through a serious crisis, however unsatisfactory it might feel at the time, can be a sign of institutional resilience and strength, not weakness. As Europe muddles […]
The establishment of the euro meant that for the first time in history, the national monetary policy of many European countries became pooled at a transnational level. Miguel Otero-Iglesias writes that a consequence of this is the movement of economic sovereignty towards Berlin and Brussels, and away from the Eurozone’s periphery. He argues that greater economic union combined with a […]
Europe’s Cyprus blunder raises important questions about the nature of EU decision-making and crisis management.
One week ago, the EU, IMF and European Central Bank agreed to a bailout for Cyprus that would involve a levy on the country’s bank deposits. The terms of the bailout have been met with surprise and fury in Cyprus and across Europe, and were also rejected by Cyprus’s parliament. Nicholas Veron writes that no matter the outcome, the crisis […]