The Euro Crisis' Theory Effect Northern Saints, Southern Sinners, Modell Deutschland, and the Demise of the Eurobond

摘要: Of the multiple competing crisis narratives that EU policymakers could have chosen from at onset of euro in spring 2010, why did austerity and structural reform as respective cures for member states’ national problems ‘fiscal profligacy’ ‘lack competitiveness’ win out over other possible, more systemic solutions, like a debt pooling or an economic government? To understand this puzzle, paper argues response to was heavily informed by broader social logics constructed problem solution towards ordoliberal (austerity combined with adherence strict fiscal rules) neoliberal (emphasis on reform) ideas. Our empirical evaluation takes up special issue’s call analytic symmetry examining alternative Eurobond failed take hold, its advocates unable change minds Berlin. Mapping fate proposals Germany allows us trace entanglement policymaking parse ways which realities are shaped make particular policy choices seem inevitable when they fact were product processes.