Abstract
The essay analyzes some of the key issues regarding the political variations of neoliberal economic discourse in contemporary Europe. In particular, the author discusses the relationship between the evanescence of the sovereignty of the nation-state and the rebirth of the «economic nation» as a result of a claimed economic sovereignty. A process that is certainly supported by the political absence of the EU, but which lacks theoretical foundations and concrete perspectives. The author therefore considers it necessary to grasp, beyond the German roots of European Ordoliberalism, the presuppositions of what he defines as today’s hybrid European politics, in which transnational governance processes can be understood as a sort of global administrative space.