Introduction
in Capitalising on constraint
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Since 2010, five Eurozone governments have received financial assistance from the International Monetary Fund and the European Union, on the condition that a long list of policies were implemented. This is often described as a period in which powerless bailed out governments had no choice but to follow the lenders’ prescriptions; and it was contested whether they were in the former’s best interest. The effectiveness and fairness of conditionality have also been put into question. The introduction presents and contextualises these empirical questions and specifies the authors’ methodological choices.

The introduction starts by briefly recalling the context and the main events of the period covered. As individual countries are analysed in depth in the following chapters, this section focuses mainly on the European level. Arguments and methodology choices are then briefly presented before the remaining chapters are described.

Capitalising on constraint

Bailout politics in Eurozone countries

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