The EU Experience: Confronting the Existential Realities of the Crisis

  • Ray Kinsella
  • Maurice Kinsella


In this chapter we examine the ways in which the lead-up to, and subsequent unfolding of, the European Banking and Debt Crisis can be deemed an ‘existential’ experience. Beyond this, core existential themes act as a lens through which to refract the broader challenges being faced by the EU, and their constitutive components. This process provides insights which enable our critique to shift from being a ‘descriptive’ account of the crisis towards a ‘diagnostic’ assessment—facilitating an understanding of the mind-set currently possessed by the EU. To extend the analogy, Troikanomics can be seen as a wrong ‘prescription’ seeking to relieve the EU of ailments which are themselves in part rooted in a misdiagnosis of its pathologies. The irony is that the consequences of Troikanomics have instead compounded the negative prognosis facing the EU. It is increasingly incumbent on the EU to respond to these issues, to move beyond the cognitive dissonance between the aspirations that it espouses and the environment that it creates for its members. A willingness to challenge itself and risk a shift in mind-set is not so much about second-guessing itself; rather it is about being open to the creation of alternative viewpoints that may help in moving away from dysfunctional thinking and behaviours that it has become mired in.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ray Kinsella
    • 1
  • Maurice Kinsella
    • 2
  1. 1.Michael Smurfit Graduate School of Business (Formerly)Co DublinIreland
  2. 2.The Galilee House of StudiesAthyIreland

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