The crisis as opportunity? On the role of the Troika in constructing the European consolidation state

Judith Clifton, Daniel Díaz-Fuentes and Ana Lara Gómez

Cambridge Journal of Regions, Economy and Society, 2018, vol. 11, issue 3, 587-608

Abstract: The 2008 financial crisis has been seen as providing an opportunity for core eurozone members to push neoliberal policies onto the periphery in order to construct a European consolidation state. We adapt a policy transfer model to examine the extent to which the Troika transferred neoliberal policy onto Greece and Ireland. The size of the ideological gap between Troika policies and those embedded in the peripheral country was crucial when explaining why the Troika’s policies were more brutal, intrusive and long-lasting in Greece than in Ireland, and why Greece proved more resilient to attempts to transfer policy than Ireland.

Keywords: consolidation; austerity; crisis; Europe; privatization; Troika (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (10)

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Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang

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