"And the EU—the colossus that “does not do geopolitics”—“sleepwalked” into conflict with Russia over Ukraine. Meanwhile, in the wake of the botched handling of the eurozone crisis, Europe witnessed a dramatic mobilization on both Left and Right. But rather than being taken as an expression of the vitality of European democracy in the face of deplorable governmental failure, however disagreeable that expression may in some cases be, the new politics of the postcrisis period were demonized as “populism,” tarred with the brush of the 1930s or attributed to the malign influence of Russia. The forces of the status quo gathered in the Eurogroup set out to contain and then to neutralize the left-wing governments elected in Greece and Portugal in 2015. Backed up by the newly enhanced powers of the fully activated ECB, this left no doubt about the robustness of the eurozone. All the more pressing were the questions about the limits of democracy in the EU and its lopsidedness. Against the Left, preying on its reasonableness, the brutal tactics of containment did their job. Against the Right they did not, as Brexit, Poland and Hungary were to prove."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Adam Tooze Crashed: How a Decade of Financial Crises Changed the World (2018)
https://en.wikiquote.org/wiki/Economy_of_Europe
Revision History
No revisions have been submitted for this quote.
Categories
Economy of Europe
32 quotes on TrueQuotesView all quotes by Economy of Europe →
Related Quotes
"If maps were shaded like balance sheets, the bottom part of mainland Europe would be deepest red. Italy, Spain and Po…"
"Our Union is more than an association of states. It is a new legal order, which is not based on the balance of power …"
"The European Union implies the notion of the ‘Minimal State’, the abandonment of mixed economy and of economic planni…"
"It is impossible to build Europe on only deregulation...1992 is much more than the creation of an internal market abo…"
"We have preserved social security and the welfare state, but at the expense of employment. Neo-liberalism, which put …"
"[The European Union must be a] federal union with a common currency, a tightly co-ordinated economic policy and a for…"
"While the balance of class power remains heavily tilted in favour of capital in its homelands, the balance of interna…"
"As far as the economic content of the common European home is concerned, we regard as a realistic prospect — though n…"
"It is true that if you simply have market capitalism not embedded in a true democratic system, then you will get incr…"
"Unless we act, events that we Europeans will be unable to influence will overtake us. I believe we Europeans feel far…"