Capitalising on Constraint: Bailout Politics in Eurozone Countries by Catherine

Description: Capitalising on Constraint by Catherine Moury, Stella Ladi, Daniel Cardoso, Angie Gago This book explores the constraints on national executives in the five bailed out countries of the Eurozone - namely Greece, Cyprus, Ireland, Portugal and Spain. It also sheds light on the policy-makers discretion and motivations to revert, or alternatively to keep, policies that had been taken under conditionality. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This book is an essential analysis of what really happens behind closed doors during and after a bailout.In the last decade, five Eurozone governments in economic difficulty received assistance from international lenders on the condition that certain policies specified in the Memoranda of Understanding were implemented. How did negotiations take place in this context? What room for manoeuvre did the governments of these countries have? After conditionality, to what extent were governments willing and able to roll back changes imposed on them by the international lenders?This book explores the constraints on national executives in the five bailed out countries of the Eurozone during and beyond the crisis, from 2008 to 2019. The authors argue that despite international market pressure and creditors conditionality, governments had some room for manoeuvre during a bailout and were able to advocate, resist, shape or roll back some of the policies demanded by external actors. Under certain circumstances, domestic actors were also able to exploit the constraint of conditionality to their own advantage.Capitalising on constraint shows that after a bailout programme, governments could use their discretion to revert the measures that brought the greatest benefits at a lower cost. The authors provide a valuable insight into the determinants of bargaining leverage, the importance of credibility, and the limits of conditionality that might inform the design of international and European lending during future crises. Flap In the last decade, five Eurozone governments in economic difficulty received assistance from international lenders on condition that certain policies specified in the Memoranda of Understanding were implemented. How did negotiations take place in this context? What room of manoeuvre did the governments of these countries have? After conditionality, to what extent were governments willing and able to roll back changes imposed on them by the international lenders? Do we find variation across governments, and if so, why? This book addresses those questions. It explores the constraints on national executives in the five bailed out countries of the Eurozone during and beyond the crisis (2008-2019). The books principal idea is that, despite international market pressure and creditors conditionality, governments had some room for manoeuvre during a bail out and were able to advocate, resist, shape or roll back some of the policies demanded by external actors. Under certain circumstances, domestic actors were also able to exploit the constraint of conditionality to their own advantage. The book additionally shows that after a bail-out programme governments could use their discretion to revert the measures which bring the greatest benefits at a lower cost. It finally explores the determinants of bargaining leverage - and stresses the importance of credibility. Relying on in-depth description of negotiations between the domesticand actors ; and on the coding of all-important policies adopted under conditionality, this book is an essential analysis of what really happens behind closed doors during and after a bail out. It provides an insight on the potential but also on the limits of conditionality which can inform the design of international and European lending during future crises. Author Biography Catherine Moury, Faculty of Social and Human Sciences, NOVA University, LisbonStella Ladi, Stella Ladi, Queen Mary University of London and Panteion University, AthensDaniel Cardoso, Autonomous University of LisbonAngie Gago, University of Lausanne Table of Contents Introduction1 The politics of conditionality: a theoretical framework2 Greece3 Ireland4 Portugal5 Spain6 Cyprus7 Capitalising on external constraint: six things you should know about Eurozone bailoutsReferencesIndex Review Shortlisted for the UACES Best Book Prize 2022 Capitalising on Constraint is a perfect example that, when done with rigour, comparative case study research remains as key as compelling in order to address ambitious research questions involving macro processes and cross-national comparison.Amandine Crespy, Université Libre de Bruxelles, Political Studies Review -- . Long Description This book is an essential analysis of what really happens behind closed doors during and after a bailout. In the last decade, five Eurozone governments in economic difficulty received assistance from international lenders on the condition that certain policies specified in the Memoranda of Understanding were implemented. How did negotiations take place in this context? What room for manoeuvre did the governments of these countries have? After conditionality, to what extent were governments willing and able to roll back changes imposed on them by the international lenders? This book explores the constraints on national executives in the five bailed out countries of the Eurozone during and beyond the crisis, from 2008 to 2019. The authors argue that despite international market pressure and creditors conditionality, governments had some room for manoeuvre during a bailout and were able to advocate, resist, shape or roll back some of the policies demanded by external actors. Under certain circumstances, domestic actors were also able to exploit the constraint of conditionality to their own advantage. Capitalising on constraint shows that after a bailout programme, governments could use their discretion to revert the measures that brought the greatest benefits at a lower cost. The authors provide a valuable insight into the determinants of bargaining leverage, the importance of credibility, and the limits of conditionality that might inform the design of international and European lending during future crises. Review Quote Shortlisted for the UACES Best Book Prize 2022 Details ISBN1526149885 Short Title Capitalising on Constraint Publisher Manchester University Press Language English Year 2021 ISBN-10 1526149885 ISBN-13 9781526149886 Format Hardcover Subtitle Bailout Politics in Eurozone Countries Author Angie Gago Series European Politics Pages 216 Imprint Manchester University Press Place of Publication Manchester Country of Publication United Kingdom Illustrations 2 black & white figures; 4 tables NZ Release Date 2021-10-12 Publication Date 2021-10-12 UK Release Date 2021-10-12 DEWEY 332.042 Audience Tertiary & Higher Education AU Release Date 2021-10-25 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:144681695;

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