Banking on Ordoliberalism? Security, Stability and Profits in EU’s Economic Reform Promotion in Egypt

Roberto Roccu

doi:10.1080/13629395.2017.1358899

Banking on Ordoliberalism? Security, Stability and Profits in EU’s Economic Reform Promotion in Egypt

Roberto Roccu

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8 Citations (Scopus)

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Abstract

The framing of EU-promoted economic reforms in Egypt has been heavily influenced by ordoliberal ideas and practices, which have in turn affected how the EU interprets security and stability in the economy. This is especially visible in the EU promotion of banking sector regulations. Despite the change in approach heralded in the post-uprisings EU documents, this paper finds that what we see is only a minor reframing of the ordoliberal template, which aims at becoming more inclusive especially drawing in small and medium enterprises. However, in light of fast changing circumstances, this supposedly new approach has not achieved its stated aims, but indeed something close to its opposite, that is: less engagement with a narrower range of actors.

Original language	English
Pages (from-to)	43-61
Number of pages	19
Journal	Mediterranean Politics
Volume	23
Issue number	1
Early online date	31 Jul 2017
DOIs	https://doi.org/10.1080/13629395.2017.1358899
Publication status	Published - 28 Feb 2018

Keywords

Ordoliberalism
EU-Egypt
Economic reforms
banking regulation
security
stability

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/13629395.2017.1358899

Banking on Ordoliberalism_ROCCU_Accepted 28 April 2017_GREEN AAM Accepted author manuscript, 289 KB

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title = "Banking on Ordoliberalism? Security, Stability and Profits in EU{\textquoteright}s Economic Reform Promotion in Egypt",

abstract = "The framing of EU-promoted economic reforms in Egypt has been heavily influenced by ordoliberal ideas and practices, which have in turn affected how the EU interprets security and stability in the economy. This is especially visible in the EU promotion of banking sector regulations. Despite the change in approach heralded in the post-uprisings EU documents, this paper finds that what we see is only a minor reframing of the ordoliberal template, which aims at becoming more inclusive especially drawing in small and medium enterprises. However, in light of fast changing circumstances, this supposedly new approach has not achieved its stated aims, but indeed something close to its opposite, that is: less engagement with a narrower range of actors.",

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KW - EU-Egypt

KW - Economic reforms

KW - banking regulation

KW - security

KW - stability

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JO - Mediterranean Politics

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ER -

Banking on Ordoliberalism? Security, Stability and Profits in EU’s Economic Reform Promotion in Egypt

Abstract

Keywords

UN SDGs

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