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Drowning the Greek economy: injurious speech and sovereign debt

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Drowning the Greek economy : injurious speech and sovereign debt. / Donnelly, Faye; Vlcek, William.

In: Finance and Society, Vol. 3, No. 1, 30.10.2017, p. 51-71.

Research output: Contribution to journalArticlepeer-review

Harvard

Donnelly, F & Vlcek, W 2017, 'Drowning the Greek economy: injurious speech and sovereign debt', Finance and Society, vol. 3, no. 1, pp. 51-71. https://doi.org/10.2218/finsoc.v3i1.1938

APA

Donnelly, F., & Vlcek, W. (2017). Drowning the Greek economy: injurious speech and sovereign debt. Finance and Society, 3(1), 51-71. https://doi.org/10.2218/finsoc.v3i1.1938

Vancouver

Donnelly F, Vlcek W. Drowning the Greek economy: injurious speech and sovereign debt. Finance and Society. 2017 Oct 30;3(1):51-71. https://doi.org/10.2218/finsoc.v3i1.1938

Author

Donnelly, Faye ; Vlcek, William. / Drowning the Greek economy : injurious speech and sovereign debt. In: Finance and Society. 2017 ; Vol. 3, No. 1. pp. 51-71.

Bibtex - Download

@article{6ee97665536b4eb3b2ac037819d4a17c,
title = "Drowning the Greek economy: injurious speech and sovereign debt",
abstract = "Drawing on Judith Butler{\textquoteright}s concept of injurious speech, this article conceptualises the {\textquoteleft}Grexit{\textquoteright} crisis as a series of performances. More specifically, we investigate how the Greek government framed the bailout plans tabled by the Troika as a form of torture. By adopting phrases such as {\textquoteleft}fiscal water-boarding{\textquoteright}, {\textquoteleft}asphyxiation{\textquoteright}, and {\textquoteleft}suicide{\textquoteright}, the Syriza government sought to narrate the harm inflicted on Greece by its creditors. Paying attention to this language is important as it casts new light on how Greek sovereign debt has been framed, negotiated, and contested. In many ways, the overarching objective of this article is to tell a different story that takes discursive transitivity and restaging into account. By shifting the emphasis onto injurious speech, the article also brings the unintended effects of this language into focus. Despite the recurrent accusations made by Syriza as it attempted to resolve the Greek sovereign debt crisis, this article questions whether their bargaining strategy {\textquoteleft}misfired{\textquoteright}. On closer consideration, we find that the injurious speech acts performed by the Syriza government compromised their ability to negotiate a third bailout deal in 2015. The observations remind us that words can wound in ambivalent ways.",
keywords = "Injurious speech, Sovereign debt crisis, Syriza, Fiscal waterboarding, The Troika, Compromise",
author = "Faye Donnelly and William Vlcek",
year = "2017",
month = oct,
day = "30",
doi = "10.2218/finsoc.v3i1.1938",
language = "English",
volume = "3",
pages = "51--71",
journal = "Finance and Society",
issn = "2059-5999",
number = "1",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Drowning the Greek economy

T2 - injurious speech and sovereign debt

AU - Donnelly, Faye

AU - Vlcek, William

PY - 2017/10/30

Y1 - 2017/10/30

N2 - Drawing on Judith Butler’s concept of injurious speech, this article conceptualises the ‘Grexit’ crisis as a series of performances. More specifically, we investigate how the Greek government framed the bailout plans tabled by the Troika as a form of torture. By adopting phrases such as ‘fiscal water-boarding’, ‘asphyxiation’, and ‘suicide’, the Syriza government sought to narrate the harm inflicted on Greece by its creditors. Paying attention to this language is important as it casts new light on how Greek sovereign debt has been framed, negotiated, and contested. In many ways, the overarching objective of this article is to tell a different story that takes discursive transitivity and restaging into account. By shifting the emphasis onto injurious speech, the article also brings the unintended effects of this language into focus. Despite the recurrent accusations made by Syriza as it attempted to resolve the Greek sovereign debt crisis, this article questions whether their bargaining strategy ‘misfired’. On closer consideration, we find that the injurious speech acts performed by the Syriza government compromised their ability to negotiate a third bailout deal in 2015. The observations remind us that words can wound in ambivalent ways.

AB - Drawing on Judith Butler’s concept of injurious speech, this article conceptualises the ‘Grexit’ crisis as a series of performances. More specifically, we investigate how the Greek government framed the bailout plans tabled by the Troika as a form of torture. By adopting phrases such as ‘fiscal water-boarding’, ‘asphyxiation’, and ‘suicide’, the Syriza government sought to narrate the harm inflicted on Greece by its creditors. Paying attention to this language is important as it casts new light on how Greek sovereign debt has been framed, negotiated, and contested. In many ways, the overarching objective of this article is to tell a different story that takes discursive transitivity and restaging into account. By shifting the emphasis onto injurious speech, the article also brings the unintended effects of this language into focus. Despite the recurrent accusations made by Syriza as it attempted to resolve the Greek sovereign debt crisis, this article questions whether their bargaining strategy ‘misfired’. On closer consideration, we find that the injurious speech acts performed by the Syriza government compromised their ability to negotiate a third bailout deal in 2015. The observations remind us that words can wound in ambivalent ways.

KW - Injurious speech

KW - Sovereign debt crisis

KW - Syriza

KW - Fiscal waterboarding

KW - The Troika

KW - Compromise

U2 - 10.2218/finsoc.v3i1.1938

DO - 10.2218/finsoc.v3i1.1938

M3 - Article

VL - 3

SP - 51

EP - 71

JO - Finance and Society

JF - Finance and Society

SN - 2059-5999

IS - 1

ER -

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ID: 251504834

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