Consolidating Neoliberalism through Privatisation: The Case of the EU after the Eurozone Crisis

01/09/2019

ULUSLARARASI ILISKILER, VOLUME 16, NUMBER 63, 2019

Özgün SARIMEHMET DUMAN*

ABSTRACT
This article offers an inquiry into the increasing importance of privatisation policies in the European Union (EU). It evaluates the emphasis on international competitiveness and market efficiency to offer a comparative analysis of commodification, marketisation, liberalisation and privatisation policies in the pre- and post-crisis EU. It states that the EU introduced new mechanisms to explicitly promote privatisation policies in its member states after the Eurozone crisis. The article concludes that the EU’s lead in privatisation has functioned as a disciplinary mechanism for the member states to introduce and implement extensive privatisation policies. The EU has tended to consolidate neoliberalism through privatisation after the Eurozone crisis.

Keywords: Competitiveness, Economic Crisis, European Union, Privatisation, Neoliberalism

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* Dr., Visiting Fellow, London School of Economics and Political Science