Tangling with the Troika: ‘domestic ownership’ as political and administrative engagement in Greece, Ireland, and Portugal

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Title: Tangling with the Troika: ‘domestic ownership’ as political and administrative engagement in Greece, Ireland, and Portugal
Authors: Hardiman, Niamh
Spanou, Calliope
Araújo, Joaquim Filipe
MacCarthaigh, Muiris
Permanent link: http://hdl.handle.net/10197/10786
Date: 24-May-2019
Online since: 2019-06-11T08:51:32Z
Abstract: This paper analyses variation in the degrees of difficulty involved in negotiating and implementing loan programmes with the international lenders in Greece, Ireland, and Portugal. All three countries displayed high degrees of ultimate compliance with fiscal consolidation and structural adjustment conditionality, but the pace of implementation varied significantly. This paper argues that ‘domestic ownership’ of the loan programmes is a key determinant of outcomes, understood in terms of two dimensions: negotiating capacity and implementation capacity. Empirical evidence confirms that these concepts provide a strong explanatory framework for understanding variation in relations between national governments and the international lenders.
Type of material: Journal Article
Publisher: Taylor & Francis
Journal: Public Management Review
Start page: 1
End page: 22
Copyright (published version): 2019 Taylor & Francis
Keywords: Loan conditionalityTroikaFiscal consolidationEuropean peripheryPublic administration
DOI: 10.1080/14719037.2019.1618385
Language: en
Status of Item: Peer reviewed
Appears in Collections:Politics and International Relations Research Collection

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