Voodoo Economics EUro-Style

Thursday, 7 April 2016, 4:00pm - 5:30pm, IWM library
The talk will focus on one particular instantiation of the perplexing resurgence of neoliberal policies in the wake of the 2008 financial crisis: the single-minded pursuit of fiscal austerity as the sole cure for the perceived structural problems of the Euro area up to 2012. Drawing on my extensive archival research and interviews at the European Commission, the European Council, and the European Central Bank, I contend that their emergent hegemonic consensus to impose radical public debt reduction at any cost was premised on policy imaginaries that failed to acknowledge the nexus between the distressed public finances of Eurozone member states and the fundamental transformations of the poorly regulated ‘too-big-to-fail’ European banking sector during the long decade of the Economic and Monetary Union.

István Csaba Adorján is a PhD candidate in Sociology at the University of Chicago. Currently he is a Krzysztof Michalski Junior Visiting Fellow at the IWM.