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Chapter 2 gives scholars and students across disciplines, but also policymakers, trade unionists, and social movement activists, a clear account of the arcane new economic governance (NEG) regime that European Union leaders adopted after 2008. The chapter avoids jargonistic academic language as well as the Euro-speak of the EU’s economic governance documents when describing the setup and operation of the NEG regime. This is important if one wants to understand its internal contradictions and change the operation and policy direction of the EU’s NEG regime.
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