Public currency at the precipice

weaadmin — Wed, 31 Oct 2012 23:44:07 +0000

In this paper I look at how Mario Draghi, President of the European Central Bank, sought in the summer of 2012 to remake the euro as a “public currency” and, thus, further both the old and new agendas of European integration. To achieve this Draghi had to re-design the communicative architecture of the euro in order to speak to the predicaments of the European public. Yet to do this meant approaching the precipice: acknowledging that the ECB had lost control of the management of monetary policy.

Euro – Rethinking Financial Markets

Public currency at the precipice