Why everyone should calm down – and be careful when speaking in their second language
The last two days the European media (and markets) were in a state of shock. Eurogroup president Jeroen Dijsselbloem had supposedly said in an interview with the Financial Times and Reuters that the Cyprus bail-in strategy could be a template for resolving banking crises in the future. The result was a truly Europeanized response.
There seemed to be a great consensus that Dijsselbloem was disquieting the markets, that he is unfit for the job, while he was even labeled as ‘chaos crisis manager’. The Süddeutsche Zeitung noted that the inexperienced, agricultural economist Dijsselbloem should ‘choose his words’ wiser.
Dijsselbloem subsequently published a short statement saying:
Cyprus is a specific case with exceptional challenges which required the bail-in measures we have agreed upon yesterday. Macro-economic adjustment programmes are tailor-made to the situation of the country concerned and no models or templates are used.
Often when people hear I am father of a three-year-old and doing my PhD they seem very surprised. It’s true, I was very young when our son was born (21 years old) – very out of the ordinary to today’s standards. A common question I get is, ‘Isn’t it hard to combine a PhD with being a father?’ The truth is, not really, and here’s why.
First of all, as a parent you follow the rhythm of your child. My son wakes up every morning around 7.30 a.m. By 9.00 a.m. he has to be at his nursery. This cancels all possibility of sleeping late. By 9.15 I am on my way to the university. Continue reading The Toddler-Thesis Nexus→
European social democracy is in crisis. Rather than being the prime challenger of the neoliberal consensus, social democratic parties are struggling with their Third Way legacy. Increasingly alienated from its traditional social base having given in to the neoliberal status quo, social democracy is in danger of becoming an anachronism.
Colin Hay distinguishes between two phases of neoliberalism, ‘normative neoliberalism’ and ‘normalized neoliberalism’ (2007, 98) In the first phase, in the late 1970s and 1980s, neoliberalism was advocated by politicians like Margaret Thatcher and Ronald Reagan to be the answer to the inefficient economic management of the Keynesian model that marked the post-war period. The second phase of ‘normalized neoliberalism’ signifies its triumph as it was able to solidify its school of thought into a widespread consensus. A particular strength of neoliberalism is that it successfully advocated its inevitability and its necessitarian character. Continue reading European Social Democratic Parties in Crisis→