Montag, 20. Juni 2016, 16:00 - 19:00 iCal

Vienna Lecture on the European Union

The Rise of the European Consolidation State (with Prof. Wolfgang Streeck)

Aula am Campus der Universität Wien
Spitalgasse 2-4 / Hof 1.11, 1090 Wien


The rise of the consolidation state follows the displacement of the classical tax state by the debt state, a process that began in the 1980s in all rich capitalist democracies. Consolidation is the contemporary response to the fiscal crisis of the state envisaged as early as the late 1960s, when postwar growth had come to an end.

Both the long-term increase in public debt and the current global attempts to bring it under control were intertwined with the financialization of advanced capitalism and its complex functions and dysfunctions.

The ongoing shift towards a consolidation state involves a deep rebuilding of the political institutions of postwar democratic capitalism and its international order. This is the case in particular in Europe where consolidation coincides with an unprecedented increase in the scale of political rule under European Monetary Union and with the transformation of the latter into an asymmetric fiscal stabilization regime. The lecture focuses on the developing structure of the new consolidation regime and its consequences for the relationship between capitalism and democracy.



Ulrich Brand (Faculty of Social Sciences, Department of Political Science)

Jörg Flecker (Faculty of Social Sciences, Department of Sociology)


Gerda Falkner (Institute and Platform for European Integration Research, University of Vienna)

Zur Webseite der Veranstaltung


Institut für europäische Integrationsforschung


Corinna Wegscheider