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Przegląd Europejski – European Studies Quarterly

Ambivalent German narration towards economic problems of eurozone in the light of constructivist approach

2019, 2019, No. 3

Justyna Bokajło

0000-0002-4953-6039

Uniwersytet Wrocławski

DOI

10.5604/01.3001.0013.5843

Publication date

19.11.2019

Publishing model

open access

License type

CC BY 4.0 Int.

Field

Social sciences

Discipline

international relations, economics and finance, communication and media studies, political science and public administration, management and quality studies, law, sociology

Language of publication

English, Polish

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PDF 191 KB

Article

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Abstract

The European financial and economic crisis made Germany a leader trying to introduce the principles of order to the Economic and Monetary Union in line with the ideas of German governance policy (Ordnungspolitik), which is explained by ordoliberalism. However, there is strong relativism visible in constructing European reality, resulting from the fact that the adopted ordoliberal assumptions do not fit into the macroeconomic, diversified space of the eurozone, and, what is more, cannot be implemented during the recession, because their effectiveness is determined by the long-term perspective and national identity. Moreover, the role of the leader does not comply with the principles of Ordnungspolitik. On the other hand, the partnership with France, which is necessary to maintain stability of the eurozone, causes a move away from the conceptual assumptions of ordoliberalism. The aim of the article is to draw attention to Germany’s ambivalence in solving the economic problems of EMU, as well as to show ambivalent attitude of other Member States towards Germany.

Keywords:

ordoliberalism,Social Market Economy,Germany,European Monetary Union,economic crisis,constructivism

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