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- W2401606905 abstract "Since the mid-1980s, the European Union (EU) has been restructured along neoliberal lines. This is expressed in the deregulation and liberalization of national economies within the Internal Market programme as well as Economic and Monetary Union (EMU), which instructs the European Central Bank (ECB) to make price stability its sole primary objective and constrains Member States’ fiscal policy through the neoliberal convergence criteria of the Stability and Growth Pact (SGP), with a focus on low national deficits and debt levels. The flanking social measures of the social dimension do not change this fundamental neoliberal direction (Bieler, 2006: 9–14). The Lisbon Strategy of 2000 has cemented this direction further through its predominant emphasis on monetary price stability (see Hager, Chapter 5 in this volume). While full employment has been made a goal by the Lisbon Council in 2000, employment policy itself remains subordinated to the objective of price stability and, therefore, concentrates on supply-side measures such as life-long learning and labour market deregulation. In other words, ‘European employment policy was made to fit the existing integration project and thus became one of the pillars of supply-side-oriented neoliberal restructuring’ (Tidow, 2003: 78). Van Apeldoorn calls this arrangement ‘embedded neoliberalism’, which is mainly pushed by social class forces of transnational capital. Its content is predominantly neoliberal economics, combined with some social and industrial flanking policies to enlist the support of wider social class forces (Van Apeldoorn 2002; see also his Chapter 1 in this volume)." @default.
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- W2401606905 date "2009-01-01" @default.
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- W2401606905 title "Globalization and Regional Integration: The Possibilities and Problems for Trade Unions to Resist Neoliberal Restructuring in Europe" @default.
- W2401606905 doi "https://doi.org/10.1057/9780230228757_12" @default.
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