The politics of fiscal effort in Ireland and Spain: market credibility versus political legitimacy

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Title: The politics of fiscal effort in Ireland and Spain: market credibility versus political legitimacy
Authors: Dellepiane, Sebastian
Hardiman, Niamh
Permanent link: http://hdl.handle.net/10197/7420
Date: Feb-2014
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
Keywords: LegitimacyCredibilityEurozone crisisSpainIreland
Language: en
Status of Item: Peer reviewed
Is part of: Karyzis, G. and Gerodimos, R. (eds.). The Politics of Extreme Austerity: Greece in the Eurozone Crisis
Appears in Collections:Politics and International Relations Research Collection

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