Austerity in the European Periphery: the Irish Experience

Niamh Hardiman, Spyros Blavoukos, Sebastian Dellepiane Avellaneda, George Pagoulatos

Research output: Working paperDiscussion paper

Abstract

Ireland has come to be seen as an exemplary case of the successful practice of austerity, both economically and politically. But these inferences would be misleading. The real story about fiscal adjustments in Ireland is more problematic, the reasons for recovery are more complex, and the political consequences are a good deal more nuanced. This paper sets the Irish experience alongside that of the other Eurozone periphery countries. It argues that these countries’ recovery prospects depend on the EU economic policy framework, but that Ireland’s connections to non-Eurozone economies also shape its growth prospects. Political stability is problematic in all the periphery countries, with the rise of challenger parties articulating values and priorities that may be difficult to accommodate within the current European policy regime. This is connected to a wider problem of the decay of older political identities and loyalties and the emergence of a new legitimation gap for EU member states.
LanguageEnglish
Place of PublicationDublin
Pages1-24
Publication statusPublished - 28 Jan 2016

Fingerprint

Ireland
Euro zone
Legitimation
Challenger
Political stability
European policy
Inference
Decay
Loyalty
Fiscal adjustment
Economic policy

Keywords

  • economics
  • public policy
  • Ireland
  • austerity policies
  • Eurozone
  • 2008 global financial crisis

Cite this

Hardiman, N., Blavoukos, S., Dellepiane Avellaneda, S., & Pagoulatos, G. (2016). Austerity in the European Periphery: the Irish Experience. (pp. 1-24). Dublin.
Hardiman, Niamh ; Blavoukos, Spyros ; Dellepiane Avellaneda, Sebastian ; Pagoulatos, George. / Austerity in the European Periphery : the Irish Experience. Dublin, 2016. pp. 1-24
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Hardiman, N, Blavoukos, S, Dellepiane Avellaneda, S & Pagoulatos, G 2016 'Austerity in the European Periphery: the Irish Experience' Dublin, pp. 1-24.

Austerity in the European Periphery : the Irish Experience. / Hardiman, Niamh; Blavoukos, Spyros; Dellepiane Avellaneda, Sebastian; Pagoulatos, George.

Dublin, 2016. p. 1-24.

Research output: Working paperDiscussion paper

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Hardiman N, Blavoukos S, Dellepiane Avellaneda S, Pagoulatos G. Austerity in the European Periphery: the Irish Experience. Dublin. 2016 Jan 28, p. 1-24.