Catherine Moury

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    Why don’t left-wing governments reverse reforms implemented during a bailout? Evidence from Spain and Portugal

Why don’t left-wing governments reverse reforms implemented during a bailout? Evidence from Spain and Portugal

Following the Eurozone crisis, Spain and Portugal implemented a package of reforms as a condition for receiving financial assistance. But now that left-wing governments are in power in both countries, have these reforms simply been reversed? Drawing on new research, Catherine Moury, Daniel Cardoso and Angie Gago write that several reforms have indeed been reversed, but this has occurred […]

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    How Portugal’s leaders exploited the bail out to pass measures they already supported

How Portugal’s leaders exploited the bail out to pass measures they already supported

During the Eurozone crisis, states receiving a bailout were required to implement spending cuts and other reforms in return for financial assistance. But to what extent did the governments of these states use the opportunity to advance their own policy agendas? Drawing on interviews with Portuguese politicians, Catherine Moury and Adam Standring argue that both the crisis and the bailout […]

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