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Stephen J. Silvia

Among the many striking developments that arose out of the 2008-2009

financial crisis and the subsequent EURO crisis has been the policy divergence

between the United States and Germany. Typically, the two countries

have broadly similar preferences regarding economic policy. To be

sure, this is not the first time that Germany and the U.S. have failed to see

eye to eye on economic matters,1 but the recent gap in perception and

policy does warrant attention because it has been unusually large. Unlike

the famous quarrels between Jimmy Carter and Helmut Schmidt in the

1970s,2 personality does not seem to play a role in this case. What then

does explain the gulf?

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Abraham L. Newman

Since the end of World War II, scholars have attempted to make sense of Germany's insistent multilateralism. Many concluded that this sacrifice resulted from a deeply ingrained political identity that stressed international cooperation and shunned parochial national politics. More recently, however, German leadership has suggested a willingness to weaken its role as global altruist and reassert its interests in Europe and abroad. This article argues that core German attitudes towards regional and global cooperation have changed. But rather than a shift to "national self-interests," I argue that the unification process elevated long-held beliefs about policy conservatism and caution that now compete with the postwar multilateral policy frame within the foreign policy elite. In addition to the pro-European, multilateralist agenda, a second powerful lesson of the interwar period emphasized the dangers associated with sudden change and the benefits of incrementalism. Owing to the uncertainty associated with sociopolitical events, decision makers must rely on their beliefs about how the world works to guide their decisions. To explore the relationship between beliefs and Germany's regional policy, the paper examines the government's regional response to the post 2008 financial crisis and the banking crisis in Eastern Europe.

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Teppo Eskelinen

.S. financial crisis in order to facilitate an analysis of the injustices related to building up such a crisis and the post-crisis politics. Subsequently, I will continue to present the typology of theories of risk I am suggesting: risk as understood in the

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Christian Schweiger

Throughout the past decade, the European Union has witnessed substantial and multiple crises. The 2008 global financial crisis was followed by the triple banking, economic, and sovereign debt crisis in selected Eurozone (and non

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Rethinking the class politics of boredom

Marguerite van den Berg and Bruce O’Neill

Nearly a decade after the global financial crisis of 2008, this thematic section investigates one way in which marginalization and precarization appears: boredom. Until recently, the topic of boredom has been treated more as an object of

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It Was Not Meant to Be This Way

An Unfortunate Case of Anglo-Saxon Parochialism?

Tom Frost

’s assertion that ‘the history of the distribution of wealth has always been deeply political’ (2014: 20). … and the Fall Itself … Then the roof caved in, and a perfect storm was unleashed. The 2008 financial crisis, as is still evident, badly affected the

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Pivots and Levers

Political Rhetoric around Capitalism in Britain from the 1970s to the Present

Neil Foxlee

(s) in which they occur. As Jürgen Kocka noted in an article published two years after the financial crisis of 2008, the concept of capitalism is experiencing something of a revival among mainstream academics, having previously been predominantly used by

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Land, Nation and Tourist

Moral Reckoning in Post-GFC Iceland

Mary Hawkins and Helena Onnudottir

The Global Financial Crisis (GFC) as a Moral Crisis Iceland is a society of intimates. A small, historically isolated, culturally homogenous and, for many centuries, poor peasant and fishing people, Icelanders are at the same time heir to a rich

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Emptiness and its futures

Staying and leaving as tactics of life in Latvia

Dace Dzenovska

The proliferation of protest movements around the world in the time period following the 2008 global financial crisis generated hope among left-leaning scholars and activists that people’s discontent was bigger than dissatisfaction with concrete

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Leading through a Decade of Crisis—Not Bad, After All

Germany’s Leadership Demand and Followership Inclusion, 2008-2018

Valerio Alfonso Bruno and Giacomo Finzi

Financial Crisis changed the World (London, 2018). 3 Stefan A. Schirm, “Leaders in need of followers: Emerging powers in global governance” in Power in the 21st Century , ed. Enrico Fels, Jan-Frederik Kremer, and Katharina Kronenberg (Berlin, 2012), 211