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Struggles over legitimacy in the Eurozone crisis : Discursive legitimation strategies and their ideological underpinnings

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  • Eero Vaara

    (EM - EMLyon Business School)

Abstract

This article focuses on the discursive underpinnings of the legitimacy crisis that the Eurozone as a transnational institution is facing. By adopting a critical discourse analysis (CDA) perspective, the empirical analysis focuses on the media discussion in Finland. The analysis shows how discourses of financial capitalism, humanism, nationalism and Europeanism played a central role in legitimation, delegitimation and relegitimation. Furthermore, the analysis elaborates on the legitimation strategies that were often used in the media texts: position-based authorizations involving institutionalized authorities and ‘voices of the common man', knowledge-based authorizations focusing on economic expertise, rationalizations concentrating on economic arguments, moral evaluations based on unfairness used especially for delegitimation, mythopoiesis involving alternative future scenarios and cosmology used to construct inevitability. By so doing, this study adds to our understanding of the discursive and ideological underpinnings of the social, political and financial crisis in Greece and other European countries and contributes to research on discursive legitimation more generally.

Suggested Citation

  • Eero Vaara, 2014. "Struggles over legitimacy in the Eurozone crisis : Discursive legitimation strategies and their ideological underpinnings," Post-Print hal-02313233, HAL.
  • Handle: RePEc:hal:journl:hal-02313233
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    Cited by:

    1. Rieder, Maria & Theine, Hendrik, 2018. ""Piketty is a Genius, but...": An Analysis of Journalistic Delegitimation of Thomas Piketty's Economic Policy Proposals," Department of Economics Working Paper Series 263, WU Vienna University of Economics and Business.
    2. Renate E. Meyer & Eero Vaara, 2020. "Institutions and Actorhood as Co‐Constitutive and Co‐Constructed: The Argument and Areas for Future Research," Journal of Management Studies, Wiley Blackwell, vol. 57(4), pages 898-910, June.
    3. Dermarkar, Simon & Hazgui, Mouna, 2022. "How auditors legitimize commercialism: A micro-discursive analysis," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 83(C).
    4. Gorgi Krlev, 2023. "Let’s Join Forces: Institutional Resilience and Multistakeholder Partnerships in Crises," Journal of Business Ethics, Springer, vol. 186(3), pages 571-592, September.
    5. Ashley Simpson & Fred Dervin, 2017. "‘Democracy’ in education: an omnipresent yet distanced ‘other’," Palgrave Communications, Palgrave Macmillan, vol. 3(1), pages 1-10, December.
    6. Patrick Haack & Oliver Schilke & Lynne Zucker, 2021. "Legitimacy Revisited: Disentangling Propriety, Validity, and Consensus," Journal of Management Studies, Wiley Blackwell, vol. 58(3), pages 749-781, May.
    7. Höglund, Linda & Svärdsten, Fredrik, 2018. "Strategy work in the public sector—A balancing act of competing discourses," Scandinavian Journal of Management, Elsevier, vol. 34(3), pages 225-232.
    8. Peda, Peeter & Vinnari, Eija, 2020. "The discursive legitimation of profit in public-private service delivery," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 69(C).
    9. Harber, Michael & Maroun, Warren & de Ricquebourg, Alan Duboisée, 2023. "Audit firm executives under pressure: A discursive analysis of legitimisation and resistance to reform," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 97(C).

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