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

Niamh Hardiman, Calliope Spanou , Joaquim Filipe Araújo , Muiris MacCarthaigh

Research output: Contribution to journalArticle

2 Citations (Scopus)

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.
Original languageEnglish
JournalPublic Management Review
Early online date24 May 2019
DOIs
Publication statusEarly online date - 24 May 2019

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Consolidation
Ireland
Ownership
Loans
Portugal
Greece
Negotiating
Compliance
Empirical evidence
Conditionality
Fiscal consolidation
Structural adjustment
Government

Cite this

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Tangling with the Troika: ‘domestic ownership’ as political and administrative engagement in Greece, Ireland, and Portugal. / Hardiman, Niamh; Spanou , Calliope; Araújo , Joaquim Filipe; MacCarthaigh, Muiris.

In: Public Management Review, 24.05.2019.

Research output: Contribution to journalArticle

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