The Troika’s variations on a trio: Why the loan programmes worked so differently in Greece, Ireland, and Portugal

DC FieldValueLanguage
dc.contributor.authorHardiman, Niamh-
dc.contributor.authorAraújo, Joaquim Filipe-
dc.contributor.authorMacCarthaigh, Muiris-
dc.contributor.authorSpanou, Calliope-
dc.date.accessioned2018-11-30T10:26:13Z-
dc.date.available2018-11-30T10:26:13Z-
dc.date.issued2017-10-17-
dc.identifier.urihttp://hdl.handle.net/10197/9573-
dc.description.abstractPortugal and Ireland exited Troika loan programmes; Greece did not. The conventional narrative is that different outcomes are best explained by differences in national competences in implementing programme requirements. This paper argues that three factors distinguish the Greek experience from that of Ireland and Portugal: different economic, political, and institutional starting conditions; the ad hoc nature of the European institutions’ approach to crisis resolution; and the very different conditionalities built into each of the loan programmes as a result. Ireland and Portugal show some signs of recovery despite austerity measures, but Greece has been burdened beyond all capacity to recover convincingly.en_US
dc.language.isoenen_US
dc.publisherUniversity College Dublin. Geary Instituteen_US
dc.relation.ispartofseriesUCD Geary Institute Discussion Paper Seriesen_US
dc.relation.ispartofseriesWP2017/11en_US
dc.relation.requiresEconomists Online Collection
dc.subjectLoan programmeen_US
dc.subjectEurozone crisisen_US
dc.subjectConditionalityen_US
dc.subjectTroikaen_US
dc.subjectEuropean peripheryen_US
dc.subject.classificationE02en_US
dc.subject.classificationE62en_US
dc.subject.classificationG01en_US
dc.subject.classificationH30en_US
dc.subject.classificationH77en_US
dc.subject.classificationH87en_US
dc.titleThe Troika’s variations on a trio: Why the loan programmes worked so differently in Greece, Ireland, and Portugalen_US
dc.typeWorking Paperen_US
dc.internal.webversionshttps://ideas.repec.org/p/ucd/wpaper/201711.html-
dc.statusNot peer revieweden_US
dc.neeo.contributorHardiman|Niamh|aut|-
dc.neeo.contributorAraújo|Joaquim Filipe|aut|-
dc.neeo.contributorMacCarthaigh|Muiris|aut|-
dc.neeo.contributorSpanou|Calliope|aut|-
dc.date.updated2017-10-24-
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Geary Institute Working Papers
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