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For several years now the ECB has routinely been acting extra legem to fill the political vacuum created at the centre of the EMU by its founders, with the intention to build Euroland into the apolitical capitalist market economy of neoliberalism

Today’s post-democratic, or better perhaps: a-democratic, Hayekian capitalism, after the victory, or almost-victory, of neoliberalism, may be regarded as a historically updated version of ordoliberalism

The competitive advantage of ordoliberalism after 1945 was that it could be sold as a lesson learned the hard way from the statist-dictatorial Nazi regime and its war economy: from the failure, political, moral and economic, of the Behemoth

O'Connor mounting pressure on state finances by public-sector trade unions claiming the same wages and benefits as workers in private industry and thereby exposing the state to the ‘cost disease’ of the service sector

The felicitous term, ‘privatized Keynesianism’, was coined to describe what was, in effect, the replacement of public with private debt