German ordoliberalism was exported to Europe via the ECB constitution and Euro rules

Evidence

When the rest of Europe stagnated in the late 1970s, Germany suffered the least and recovered the quickest of all the major European states. Its ability to withstand the inflationary pressures of the period became the model for other European states: first, through the abortive currency pegs to the deutsche mark of the 1980s and 1990s; second, through the incorporation of ordoliberal principles into the ECB constitution and the EU Commission’s competition-focused policies; and third, through the rules-based approach to governing the Euro project. From the Maastricht convergence criteria to the Stability and Growth Pact to the proposed new fiscal treaty—it’s all about the economic constitution—the rules, the ordo. — Mark Blyth, Austerity, 375

Categorization

• DEFINE: Names the ordoliberal lineage from Maastricht through the fiscal treaty.
• XREF: connects to: Ordoliberalism justifies replacing democratic governance with rules and the ECB — Mark Blyth, Austerity: The History of a Dangerous…, 377; The EU’s constitutional design embodies German ordoliberal principles — Mark Blyth, Austerity: The History of a Dangerous…, 374; WTO design deliberately scaled European constitutionalism into a global trade constitution — Quinn Slobodian, Globalists: The End of Empire and the…, 836 (+6 more)

Broader Connections

• The EU’s constitutional design embodies German ordoliberal principles #corroborates (0.95) — Mark Blyth, Austerity, 374
• The ECB is legally barred from financing government deficits or debt #expands (0.80) — Clara E. Mattei, The Capital Order, 1739
• The ECB lacks the lender-of-last-resort powers the Fed and Bank of England exercise #expands (0.80) — Mark Blyth, Austerity, 246
• WTO design deliberately scaled European constitutionalism into a global trade constitution #expands (0.75) — Quinn Slobodian, Globalists, 836