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The politics of fiscal effort in Ireland and Spain: market credibility versus political legitimacy
Author(s)
Date Issued
2014-02
Date Available
2017-02-01T02:00:10Z
Abstract
Austerity measures in response to Eurozone crisis have tended to be planned and implemented as if only the technical parameters of budget management mattered. But policies that impose budgetary hardships on citizens go right to the heart of voter expectations about what it is both appropriate and acceptable for governments to do. Pro-cyclical measures that worsen an already difficult situation in a recession run counter to deep-seated norms and expectations in European countries, built up over decades of democratic governance, whereby governments are expected to provide offsetting protection for their citizens against the vicissitudes of the market. Moreover, if austerity measures are viewed as externally imposed by international authorities, new kinds of challenges to political legitimacy are likely to arise. While Greece is commonly seen as a critical test case, this chapter explores these issues through the contrasting experiences of Spain and Ireland.
Type of Material
Book Chapter
Publisher
Palgrave Macmillan
Web versions
Language
English
Status of Item
Peer reviewed
Part of
Karyzis, G. and Gerodimos, R. (eds.). The Politics of Extreme Austerity: Greece in the Eurozone Crisis
ISBN
9781137369222
This item is made available under a Creative Commons License
File(s)
Name
Dellepiane_and_Hardiman,_The_politics_of_fiscal_effort_in_Spain_and_Ireland._2015.pdf
Size
518.03 KB
Format
Owning collection
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