Rescue and Control: The Rise of the European Consolidation State

The paper will explore the progress, as by the summer of 2013, of the transition from a Keynesian to an Hayekian economic constitution for Europe. It will in particular look at the governing capacity of the European Central Bank, the extent to which supranational bodies have acquired sanctioning power over national states, and the impact of resistance in and by national parliaments against policy dictates imposed on them by Frankfurt, Brussels and Berlin.