Austerity and Growth in Europe: Germany’s Impossible Mission
Article
Fouskas, V. and Roy-Mukherjee, S. 2017. Austerity and Growth in Europe: Germany’s Impossible Mission. Croatian Political Science Review. 53 (4), pp. 7-29.
| Authors | Fouskas, V. and Roy-Mukherjee, S. |
|---|---|
| Abstract | This article provides a critique of neo-liberal, supply-side austerity policies as they unfold asymmetrically in the EU/Euro-zone and beyond. The main argument advanced is that, contrary to claims by the European Commission and Germany’s elite, growth and austerity are incompatible policy magnitudes. The Euro-zone constitutes the worst form of Gold Standard from which countries cannot escape and advance the imperative of domestic growth as external devaluation and import-substitution are no-options. The article shows neo-liberal austerity is currently being implemented via authoritarian forms of governance from above while cultivating racist and xenophobic movements from below. |
| Keywords | Austerity; Debt; Growth; Eurozone; Germany |
| Journal | Croatian Political Science Review |
| Journal citation | 53 (4), pp. 7-29 |
| ISSN | 0032-3241 |
| 1846-8721 | |
| Year | 2017 |
| Publisher | Faculty of Political Science, HR-10000 Zagreb, Lepušićeva 6 |
| Publisher's version | License File Access Level Anyone |
| Web address (URL) | http://hrcak.srce.hr/177254 |
| Publication dates | |
| 13 Mar 2017 | |
| Publication process dates | |
| Deposited | 17 Mar 2017 |
| Accepted | 25 Feb 2017 |
| Copyright information | © 2017 The authors. |
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