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German Ordoliberalism and the future of the EU

Research output: Contribution to journalArticle

Alan Cafruny, Leila Simona Talani

Original languageEnglish
Article number1
Pages (from-to)1011-1022
Number of pages12
JournalCritical Sociology
Volume45
Issue number7-8
Early online date8 Apr 2019
DOIs
Publication statusPublished - 1 Nov 2019

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Abstract

Far from enabling France to enhance its power over European monetary policy, the Euro has
served to consolidate the Federal Republic of Germany’s primacy in Europe. We argue that
German policies that have underwritten this primacy are determined not primarily by the
ordoliberal ideas of German state managers, but rather because these ideas correspond to the
requirements of Germany’s neo-mercantilist export model and the interests of its most powerful
socio-economic actors. Germany’s material/corporate interests—and its particular domestic and
regional predicament—create enormous obstacles to the abandonment of ordoliberalism and the
adoption of the more expansive fiscal policies that most observers believe are necessary to
sustain the Eurozone.

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