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The 'Troika' is a word that is scorched into the narrative of the
EU's banking and economic crisis - a triumvirate constituted by the
European Central Bank, the European Commission and the
International Monetary Fund. The modus operandi of the Troika is
defined by the authors of this book as 'Troikanomics'. Ostensibly,
the role of the Troika was to develop, coordinate and oversee the
provision of conditional funding to support national governments in
restructuring their economies. In fact, their power and influence
extended far more widely. They enforced an unprecedentedly severe
austerity programme of fiscal and structural adjustment through
oppressive political oversight. Their practical impact was to
impose on debtor countries in the EU periphery the single greatest
economic and social dislocation in Europe's recent history, thus
corroding their autonomous capacities and enfeebling their national
sovereignty. The Troika's word was law in those countries where its
writ ran - Greece, Ireland, Cyprus, and to a more limited extent,
Spain. It was answerable only to a trio of unelected organisations,
far removed from the consequences of its policies on the lives of
citizens. Widespread socio-political reaction to Troikanomics gave
shape to the anti-austerity movement across the EU, characterised
by the centre as 'Populism'. This book provides a timely response
to the revisionist argument that there is no longer a 'crisis' in
Europe. In their innovative analysis, the authors argue that
Troikanomics is a manifestation of a deeper existential crisis
within the EU that encompasses the centralisation of power, Brexit,
Europe's ominous militarisation and the progressive abandonment of
its foundational values.
The ‘Troika’ is a word that is scorched into the narrative of
the EU’s banking and economic crisis – a triumvirate
constituted by the European Central Bank, the European Commission
and the International Monetary Fund. The modus operandi of the
Troika is defined by the authors of this book as
‘Troikanomics’. Ostensibly, the role of the Troika was to
develop, coordinate and oversee the provision of conditional
funding to support national governments in restructuring their
economies. In fact, their power and influence extended far more
widely. They enforced an unprecedentedly severe austerity programme
of fiscal and structural adjustment through oppressive political
oversight. Their practical impact was to impose on debtor countries
in the EU periphery the single greatest economic and social
dislocation in Europe’s recent history, thus corroding their
autonomous capacities and enfeebling their national sovereignty.
The Troika’s word was law in those countries where its writ ran
– Greece, Ireland, Cyprus, and to a more limited extent, Spain.
It was answerable only to a trio of unelected organisations, far
removed from the consequences of its policies on the lives of
citizens. Widespread socio-political reaction to Troikanomics gave
shape to the anti-austerity movement across the EU, characterised
by the centre as ‘Populism’. This book provides a timely
response to the revisionist argument that there is no longer a
‘crisis’ in Europe. In their innovative analysis, the authors
argue that Troikanomics is a manifestation of a deeper existential
crisis within the EU that encompasses the centralisation of power,
Brexit, Europe’s ominous militarisation and the progressive
abandonment of its foundational values.
This is the first book to tell the story of the bebop subculture in
London's Soho, a subculture that emerged in 1945 and reached its
pinnacle in 1950. In an exploration via the intersections of race,
class and gender, it shows how bebop identities were constructed
and articulated. Combining a wide range of archival research and
theory, the book evocatively demonstrates how the scene evolved in
Soho's clubs, the fashion that formed around the music, drug usage
amongst a contingent of the group, and the moral panic which led to
the police raids on the clubs between 1947 and 1950. Thereafter it
maps the changes in popular culture in Soho during the 1950s, and
argues that the bebop story is an important precedent to the
institutional harassment of black-related spaces and culture that
continued in the twentieth and twenty-first centuries. This book
therefore rewrites the first chapter of the 'classic' subcultural
canon, and resets the subcultural clock; requiring us to rethink
the periodization and social make-up of British post-war youth
subcultures.
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