Capitalising on Constraint - Bailout Politics in Eurozone Countries
and Angie Gago
Release date: Oct 2021
Manchester University Press
Number of pages: 216
This book explores the constraints and opportunities of the adjustment programs in the five bailed out Eurozone countries, in the period during and beyond the crisis (2007-2019). It shows that bailed out governments had room for manoeuvre and, under certain circumstances, were able to exploit the constraint of conditionality to their own advantage. It additionally demonstrates that after a bail-out programme governments use their discretion to revert the measures which bring the greatest benefits at a lower cost.