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bailouts

November 22, 2021

Bailed-out governments did not lose policy-making discretion during the Eurozone crisis

Catherine Moury Catherine Moury, Stella Ladi, Daniel Cardoso and Angie Gago argue that bailed-out governments during the Eurozone crisis exercised more leverage than assumed. Despite international market pressure and creditors’ conditionality, bailed-out governments were able to advocate, resist, shape or roll back some of the policies demanded by the EU’s Troika Read more

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