One of the unwritten rules of a financial panic seems to be that the more severe a crisis is, the more scripted and repetitive public officials become. Read more
Automaticity, noun – 1. The quality of being automatic, particularly with relation to fines and penalties. 2. Degree to which a sanction can take effect without interference, interruption or political meddling.
Origin – Brussels, circa 2010. The term is believed to have been popularised by an elite group of policymakers debating new sanctions to impose on eurozone countries who repeatedly violate fiscal rules. Appears to have German and Dutch roots (no equivalents in French or Italian).
Example: ‘Without automaticity, the sanctions against Bulgoslaviambourg will become hopelessly bogged down in an endless quadrilogue.’ Or: ‘Who cares if the politicians scream and moan about the injustice of the fine? Automaticity is on our side.’
See also: Flex-icurity Read more