Capitalising on Constraint

Discover the intricate dynamics of national governance in the Eurozone with Capitalising on Constraint by Catherine Moury. Published by Manchester University Press in 2021, this insightful hardback spans 216 pages, delving into the challenges faced by national executives in five countries that received bailouts: Greece, Cyprus, Ireland, Portugal, and Spain. Moury meticulously examines the constraints influencing policy decisions and the discretion exercised by policymakers. This book not only highlights the motivations behind reverting to previous policies but also explores the complexities of maintaining those shaped by conditionality. A must-read for anyone interested in European politics, economic policy, and the impact of financial crises on governance.