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Does Populism Influence Economic Policy Making? The cases of Greece and Portugal

Jonsson Lundqvist, Moa LU and Lindahl, Hanna (2023) STVK04 20231
Department of Political Science
Abstract (Swedish)
The Euro Crisis occurred in several European countries due to high government debt and institutional failures in 2008, leaving many unable to pay their public debts or maintain their budget deficits. During the crisis, a group of three institutions known as the Troika, played a crucial role when offering financial assistance to countries in need of a bailout. The financial assistance included mandatory austerity measures which in combination with the economic situation often resulted in social and political unrest among the citizens, with divided political leadership. Today, some of the most severely affected countries (PIIGS) have shown different economic outcomes after the crisis. Most prominent are Greece and Portugal. Studies show a... (More)
The Euro Crisis occurred in several European countries due to high government debt and institutional failures in 2008, leaving many unable to pay their public debts or maintain their budget deficits. During the crisis, a group of three institutions known as the Troika, played a crucial role when offering financial assistance to countries in need of a bailout. The financial assistance included mandatory austerity measures which in combination with the economic situation often resulted in social and political unrest among the citizens, with divided political leadership. Today, some of the most severely affected countries (PIIGS) have shown different economic outcomes after the crisis. Most prominent are Greece and Portugal. Studies show a rise of populist parties in Europe during recent years, as well as findings explaining its connection to financial crises. This study aims to study the connection, while exploring the possibility of populism influencing economic policymaking in the context of the Euro Crisis. The cases of Portugal and Greece are compared because of their similarity of severity of the crisis, but differentiated economic outcomes as well as presence of populism in their countries. The study finds that Greece’s populist party could influence the agenda and economic policies through short termism favoring simplistic solutions. (Less)
Please use this url to cite or link to this publication:
author
Jonsson Lundqvist, Moa LU and Lindahl, Hanna
supervisor
organization
course
STVK04 20231
year
type
M2 - Bachelor Degree
subject
keywords
Portugal, Greece, Populism, Economic Policies, Austerity
language
English
id
9115539
date added to LUP
2023-08-18 16:17:03
date last changed
2023-08-18 16:17:03
@misc{9115539,
  abstract     = {{The Euro Crisis occurred in several European countries due to high government debt and institutional failures in 2008, leaving many unable to pay their public debts or maintain their budget deficits. During the crisis, a group of three institutions known as the Troika, played a crucial role when offering financial assistance to countries in need of a bailout. The financial assistance included mandatory austerity measures which in combination with the economic situation often resulted in social and political unrest among the citizens, with divided political leadership. Today, some of the most severely affected countries (PIIGS) have shown different economic outcomes after the crisis. Most prominent are Greece and Portugal. Studies show a rise of populist parties in Europe during recent years, as well as findings explaining its connection to financial crises. This study aims to study the connection, while exploring the possibility of populism influencing economic policymaking in the context of the Euro Crisis. The cases of Portugal and Greece are compared because of their similarity of severity of the crisis, but differentiated economic outcomes as well as presence of populism in their countries. The study finds that Greece’s populist party could influence the agenda and economic policies through short termism favoring simplistic solutions.}},
  author       = {{Jonsson Lundqvist, Moa and Lindahl, Hanna}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Does Populism Influence Economic Policy Making? The cases of Greece and Portugal}},
  year         = {{2023}},
}