Southern Europe and the Eurozone Crisis Negotiations: Preference Formation and Contested Issues

Morlino, Leonardo; Sottilotta, Cecilia Emma

doi:10.1080/13608746.2019.1603697

Cited by 12 publications

(5 citation statements)

References 36 publications

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“…The harsh conditions of the €78 billion bailout (signed with the EU and the IMF in May 2011 by Portugal's three larger parties and implemented by the majority center-right coalition government of Passos Coelho) led to a successful fiscal consolidation, but also to a deep recession, high unemployment and a steep rise of emigration flows. Despite the increased levels of social dissatisfaction, protest and pressure on its political system, Portugal did not experience the same degree of politicoinstitutional instability seen in other Southern European countries, such as Greece (Pinto and Teixeira 2019;Morlino and Sottilotta 2020). However, the Troika years weakened the European consensus among its political elites.…”

Section: (De-)europeanization and The Eurozone Crisismentioning

confidence: 95%

The Eurozone crisis’ impact: a de-Europeanization of Greek and Portuguese foreign policies?

Raimundo

Stavridis

Tsardanidis

2021

Journal of European Integration

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This article compares the impact of the Eurozone crisis on the foreign policies of Greece and Portugal from a de-Europeanization perspective. These two Southern European countries were significantly Europeanized in the past and both suffered greatly from the Euro crisis. Focusing on the Troika period and on relations with China, the article shows that both Greece and Portugal's foreign policies towards Beijing went through an important degree of de-Europeanization during the Eurozone crisis. Such effect was, however, more intense and durable in the case of Greece, much driven by domestic politics. These national factors were intimately connected with exogenous drivers, such as EU-level developments and Beijing's agency, both more relevant for illuminating the case of Portugal. Ultimately, the Eurozone crisis strengthened the influence of external actors like China over EU foreign policy-making, working as a complementary driver of de-Europeanization.

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Section: (De-)europeanization and The Eurozone Crisismentioning

confidence: 95%

The Eurozone crisis’ impact: a de-Europeanization of Greek and Portuguese foreign policies?

Raimundo

Stavridis

Tsardanidis

2021

Journal of European Integration

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“…It further endorsed the use of DGS funds for recapitalization during the bailout of Banco Populare di Bari (Bank of Italy, 2019). This is instructive for the Italian preference on EDIS, as its expertise is an important reference for the government (Morlino and Sottilotta, 2019, p. 18). Overall, this demonstrates that the Italian preference on EDIS has shifted towards a version of EDIS that allows the future use of alternative measures.…”

Section: Italy: the Case Of Alternative Measuresmentioning

confidence: 98%

Completing Banking Union? The Role of National Deposit Guarantee Schemes in Shifting Member States' Preferences on the European Deposit Insurance Scheme

Tümmler

2022

J of Common Market Studies

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The gridlock on the European deposit insurance scheme (EDIS), the missing pillar of the banking union, is most commonly attributed to moral hazard concerns on the side of Germany. However, Member State preferences on EDIS cannot be understood solely based on concerns over pre‐emptive risk reduction. Instead, banking sector interests connected to the institutional setup and legal status of national deposit guarantee schemes (DGSs) have also informed these preferences. This article examines the development of preference formation on EDIS for the cases of Germany, Italy and France after the initial 2015 proposal failed. National preferences on the institutional setup of EDIS have become more aligned with a reinsurance system that maintains existing DGS. Hence, current trajectories point to a discussion over how national DGSs are to be linked in a reinsurance system, instead of a discussion about whether it should be abandoned or not.

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“…Most of the NMCs are EU member states with an average income per capita much higher than the SEMCs [37]. With the exception of Malta, Mediterranean Europe countries were severely hit by the Great Recession [38], i.e., the financial and economic crisis that started in 2008 and brought about profound consequences such as political instability [39], a shrinking of welfare states [40], and higher socio-economic inequality [41]. Mediterranean countries have relatively high poverty rates [42].…”

Section: Economic and Inequality Situation In The Mediterranean Countriesmentioning

confidence: 99%

Measuring Uncertainty for Poverty Indicators at Regional Level: The Case of Mediterranean Countries

2020

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Over the last years, there has been an increased interest in compiling poverty indicators as well as in providing uncertainty measures both at national and regional level. In this paper, we provide point and variance estimates of two widely used income-poverty indicators, which belong to the class of the Foster-Greer-Thorbecke (FGT), and two widely used income-inequality indicators. We focused on Mediterranean countries since they have been severely hit by the Great Recession which increased poverty intensity and socio-economic inequalities. By using the 2018 EU-SILC data we analysed the spatial distribution of poverty by constructing maps at NUTS2 territorial level. Our estimation results reveal that national poverty indicators hide a high heterogeneity of poverty across regions within each country, especially for Italy and Spain. This study also provides computations of standard errors at regional level which have been explored only in a limited number of papers. To this aim we adopted the Jackknife replication method thanks to its convenient properties. As expected, the uncertainty measure is influenced by the reduced number of sampling units in each NUTS2 region especially in some regions of Spain and Italy. The Jackknife method proved to perform well in the case of income-inequality indicators especially for Greece, Italy, Croatia and Portugal.

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Southern Europe and the Eurozone Crisis Negotiations: Preference Formation and Contested Issues

Cited by 12 publications

References 36 publications

The Eurozone crisis’ impact: a de-Europeanization of Greek and Portuguese foreign policies?

The Eurozone crisis’ impact: a de-Europeanization of Greek and Portuguese foreign policies?

Completing Banking Union? The Role of National Deposit Guarantee Schemes in Shifting Member States' Preferences on the European Deposit Insurance Scheme

Measuring Uncertainty for Poverty Indicators at Regional Level: The Case of Mediterranean Countries

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