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Original scientific paper

Austerity and Growth in Europe: Germany’s Impossible Mission

Vassilis K. Fouskas ; Royal Docks School of Business and Law, University of East London
Shampa Roy-Mukherjee ; Royal Docks School of Business and Law, University of East London

Fulltext: english, pdf (856 KB) pages 7-29 downloads: 317* cite
APA 6th Edition
K. Fouskas, V. & Roy-Mukherjee, S. (2016). Austerity and Growth in Europe: Germany’s Impossible Mission. Politička misao, 53 (4), 7-29. Retrieved from https://hrcak.srce.hr/177254
MLA 8th Edition
K. Fouskas, Vassilis and Shampa Roy-Mukherjee. "Austerity and Growth in Europe: Germany’s Impossible Mission." Politička misao, vol. 53, no. 4, 2016, pp. 7-29. https://hrcak.srce.hr/177254. Accessed 22 Sep. 2021.
Chicago 17th Edition
K. Fouskas, Vassilis and Shampa Roy-Mukherjee. "Austerity and Growth in Europe: Germany’s Impossible Mission." Politička misao 53, no. 4 (2016): 7-29. https://hrcak.srce.hr/177254
Harvard
K. Fouskas, V., and Roy-Mukherjee, S. (2016). 'Austerity and Growth in Europe: Germany’s Impossible Mission', Politička misao, 53(4), pp. 7-29. Available at: https://hrcak.srce.hr/177254 (Accessed 22 September 2021)
Vancouver
K. Fouskas V, Roy-Mukherjee S. Austerity and Growth in Europe: Germany’s Impossible Mission. Politička misao [Internet]. 2016 [cited 2021 September 22];53(4):7-29. Available from: https://hrcak.srce.hr/177254
IEEE
V. K. Fouskas and S. Roy-Mukherjee, "Austerity and Growth in Europe: Germany’s Impossible Mission", Politička misao, vol.53, no. 4, pp. 7-29, 2016. [Online]. Available: https://hrcak.srce.hr/177254. [Accessed: 22 September 2021]

Abstracts
This article provides a critique of neo-liberal, supply-side austerity policies as they unfold asymmetrically in the EU/Euro-zone and beyond. The main argument advanced is that, contrary to claims by the European Commission and Germany’s elite, growth and austerity are incompatible policy magnitudes. The Euro-zone constitutes the worst form of Gold Standard from which countries cannot escape and advance the imperative of domestic growth as external devaluation and import-substitution are no-options. The article shows neo-liberal austerity is currently being implemented via authoritarian forms of governance from above while cultivating racist and xenophobic movements from below.

Keywords
Austerity; Debt; Growth; Eurozone; Germany

Hrčak ID: 177254

URI
https://hrcak.srce.hr/177254

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