Dimitris P. Sotiropoulos and John Milios
… Globalization is something much more than a mutual institutional contract between sovereign nation-states that can be unilaterally challenged. Globalization is the irreversible new form of capitalism. The reproduction of social power relations is intertwined with the workings and the historical norms of globalization (Sotiropoulos et al . 2013). Even if the project of European Monetary Union (EMU) were abandoned, individual European societies would not have the historical option or even the power to place them beyond the reach of globalization. The argument holds for countries like Greece, but also for others like the UK …
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