ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Politics of European Monetary Union-Class, Ideology and Critique

Class, Ideology and Critique Werner Bonefeld The European Monetary Union has to be looked at against the background of the crisis-ridden development of capital accumulation since the early 1970s. The attempt at creating a zone of monetary stability in Europe and the worldwide crisis of capitalist accumulation belong together. EMU amounts to an institutional attempt at buttressing domestic policies of austerity with a supranational anchor and the establishment of an anti- inflationary police force that seeks to protect member states from speculative runs by securing the right of private property internally, It moreover seeks to de-politicise the attack on labour movements and to reinforce and exploit its regional and national fragmentation.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top