ABSTRACT
This chapter examines the convergence between the neoliberal globalization project and the euro system in order to demonstrate that the introduction of the single currency was a key factor for the penetration and advancement of the neoliberal agenda in the European continent. It argues that the European neoliberal agenda has a strong colonialist component that, through instruments of reproduction of capitalism such as debt, renews old forms of colonial subordination. In geopolitical and civilizational terms, this side of the line represents the modern world, the global North, where Western historical forms such as liberal democracy, the rule of law and the capitalist economy hold sway. The Eurocentric narrative of development paves the way for social vulnerability, as it exposes ever wider layers of society to ontological degradation, inequality of power and resources, impoverishment and death. The abyssal lines have always been part of the neoliberal globalization regimes promoted by Anglo-American political and economic organizations from the 1970s onwards.
