Austerity Policies and Politics: The Case of Portugal
- By Catherine Moury
- and André Freire
Pages 35 to 56
Cite this article
- MOURY, Catherine
- and FREIRE, André,
- Moury, Catherine.
- et al.
- Moury, C.
- and Freire, A.
https://doi.org/10.3917/psud.039.0035
Cite this article
- Moury, C.
- and Freire, A.
- Moury, Catherine.
- et al.
- MOURY, Catherine
- and FREIRE, André,
https://doi.org/10.3917/psud.039.0035
In April 2011, a caretaker Socialist government called in international lenders (the so-called troika of the ECB, the European Commission, and the IMF) to bail out Portugal. Following elections, a center-right coalition began to implement a series of severe austerity measures and social reforms, allegedly on behalf of the troika, causing significant recession and social unrest. This paper addresses the context and conditions associated with the loans and the policies that followed. It then looks into the extent of the influence of international lenders in formulating these policies. Based on surveys of the public and of members of parliament, it examines how citizens and politicians evaluate the bailout and its social and political effects.
Keywords
- debt crisis
- political representation
- Portugal
- Portuguese bailout
- troika
- window of opportunity
Publisher keywords: debt crisis, political representation, Portugal, Portuguese bailout, troika, window of opportunity