Žižek on the EU Fiscal Crisis

Žižek opens fire with both barrels in his analysis of what the banking crisis has wrought.

In short, in assessing the consequences of the referendum, the court simply accepted as fact that failing to obey the dictates of international financial institutions (or to meet their expectations) can lead to political and economic crisis, and is thus unconstitutional. To put it bluntly: since meeting these dictates and expectations is the condition of maintaining the constitutional order, they have priority over the constitution (and eo ipso state sovereignty).

The west’s crisis is one of democracy as much as finance | Slavoj Žižek | Comment is free | The Guardian

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