Exploring the Keynesian–Ordoliberal Divide. Flexibility and Convergence in French and German Leaders’ Economic Ideas During the Euro-Crisis

Esch, F.A.W.J. van

doi:10.1080/14782804.2014.937679

Cited by 36 publications

(24 citation statements)

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“…This identification and the passions it stirs obscure the fact that Merkel was often the most conciliatory German voice and has met her partners halfway on some crisis measures like the bailout funds, measures that fly in the face of ordoliberal thought (Schoeller 2016;Steinberg and Vermeiren 2016;Van Esch 2014). Even more devastating for her pan-European legitimacy, however, are the associations of Merkel's crisis leadership with WWII, that were fuelled by the Greek leader Alexis Tsipras in particular (see below).…”

Section: Angela Merkel: Swabian Housewife or Empress Of Europe?mentioning

confidence: 99%

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The paradoxes of legitimate EU leadership. An analysis of the multi-level leadership of Angela Merkel and Alexis Tsipras during the euro crisis

Esch

2017

Journal of European Integration

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Section: Angela Merkel: Swabian Housewife or Empress Of Europe?mentioning

confidence: 99%

“…Rather than being persuaded by her ordoliberal arguments, for the debtor states, Merkel's stance in the euro crisis is a matter of the exertion of naked power, not legitimate leadership (Bulmer 2014(Bulmer , 1250Featherstone 2015;Van Esch 2014).…”

Section: Angela Merkel: Swabian Housewife or Empress Of Europe?mentioning

confidence: 99%

The paradoxes of legitimate EU leadership. An analysis of the multi-level leadership of Angela Merkel and Alexis Tsipras during the euro crisis

Esch

2017

Journal of European Integration

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“…Cognitive mapping is one of the most developed methods used to study actors' policy ideas in a systematic manner (Axelrod 1976;Van Esch 2014;Young and Schafer 1998). In order to create each cognitive map, a number of public speeches on the topic of European economic and monetary integration were manually coded by listing the causal and normative relationships alluded to in the speech.…”

Section: Methodsmentioning

confidence: 99%

“…The method of cognitive mapping (CM) is used to reveal the governors' policy views. CM is one of the most developed methods for studying policy ideas (Axelrod 1976;Van Esch 2014;Young and Schafer 1998) and has been recommended as a promising method for socialization studies (Johnston 2005(Johnston : 1041.…”

Section: Introductionmentioning

confidence: 99%

National culture trumps EU socialization: the European central bankers’ views of the euro crisis

Esch

Jong

2017

Journal of European Public Policy

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The European Union (EU) response to the euro crisis brought new relevance to the debate on socialization through European institutions. While previous studies differ in their support for EU socialization, many have argued that the euro crisis revealed a far-reaching convergence of views among Europe's leaders. Theoretically, the European Central Bank (ECB) in particular is expected to have the power to socialize its governors into a common worldview. The present article questions this proposition. Using the technique of cognitive mapping to provide an in-depth analysis of the views of five members of the ECB Governing Board, we find that even for ECB governors national culture generally trumps EU socialization. Only for ECB President Trichet significant evidence of EU socialization is found. The study also points to some new scope-conditions for socialization that may further our understanding of how European institutions may foster the sustainable socialization of views.

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“…Germany is not only the biggest member country of the EU. Bonefeld, 2012;Brunnermeier, James, & Landau, 2016;Dullien & Guérot, 2012;Economist, 2015;Feld, Köhler, & Nientiedt, 2015;Stelzenmüller, 2015;Van Esch, 2014;Young, 2014). 1 With this regained economic weight, Germany insisted during the eurozone crisis on following the rules of the Stability and Growth Pact and on austerity measures to rescue the monetary union while other countries called for solidarity and favoured Keynesian policies.…”

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confidence: 99%

Prospects for an ordoliberal reform of the European Union

Wandel

2019

Economic Affairs

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This article discusses the prospects for an ordoliberal reform of the European Union in order to tackle its multiple crises. It shows what an ordoliberal European Union would have to look like and examines the constraints its implementation faces. Three reasons are identified that make an ordoliberal reform of the EU at present unlikely. First, in the EU's most powerful member state, Germany, where ordoliberalism has its origins, economic policy adheres increasingly less to this strain of economic thinking. Second, given the primacy of European integration in domestic politics, Germany values European unity higher than economic principles. Third, once Brexit is complete Germany will lack influential allies for an ordoliberal reshaping of the EU.

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Exploring the Keynesian–Ordoliberal Divide. Flexibility and Convergence in French and German Leaders’ Economic Ideas During the Euro-Crisis

Cited by 36 publications

References 35 publications

The paradoxes of legitimate EU leadership. An analysis of the multi-level leadership of Angela Merkel and Alexis Tsipras during the euro crisis

The paradoxes of legitimate EU leadership. An analysis of the multi-level leadership of Angela Merkel and Alexis Tsipras during the euro crisis

National culture trumps EU socialization: the European central bankers’ views of the euro crisis

Prospects for an ordoliberal reform of the European Union

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