Quelle Souveraineté Monétaire?

The current problems faced by European economic policies, as seen both in European summit and in social movements, result from an incapacity to reform the financial system through a bottom-up approach. This should lead to 1) questioning the meaning of European monetary sovereignty and to 2) understand what a “bottom-up” approach means in terms of monetary institutionalization. This paper discusses the recent financial events, from the subprime crisis in the USA to the European crisis, by confronting the propositions and analyses made by Christian Marazzi in his book on Financial Brutality, and by French heterodox economists like André Orléan, François Chesnais and the Économistes atterrés).