{"title":"How to Combine Public Spending with Fiscal Rigour? ‘Austerity by Stealth’ in Post-Bailout Portugal (2015-2019)","authors":"Catherine Moury, Elisabetta De Giorgi, P. Barros","doi":"10.1080/13608746.2020.1863592","DOIUrl":null,"url":null,"abstract":"ABSTRACT In this article, we argue that the Costa I Socialist government (2015–2019) managed to combine responsiveness to voters with responsibility towards domestic and international actors by pursuing some kind of ‘austerity by stealth’, which we define as less visible fiscal contraction that is not displayed by the government in its public discourse. The radical left parties implicitly agreed with this strategy in exchange for the adoption of a long list of visible anti-austerity policies. This allowed the Costa I government to fulfil its electoral pledges and maintain the support of the radical left on the one hand, whilst also reducing the country’s deficit and consequently the costs of interest-debt repayments.","PeriodicalId":47304,"journal":{"name":"South European Society and Politics","volume":"405 ","pages":"151 - 178"},"PeriodicalIF":3.7000,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/13608746.2020.1863592","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"South European Society and Politics","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1080/13608746.2020.1863592","RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 6
Abstract
ABSTRACT In this article, we argue that the Costa I Socialist government (2015–2019) managed to combine responsiveness to voters with responsibility towards domestic and international actors by pursuing some kind of ‘austerity by stealth’, which we define as less visible fiscal contraction that is not displayed by the government in its public discourse. The radical left parties implicitly agreed with this strategy in exchange for the adoption of a long list of visible anti-austerity policies. This allowed the Costa I government to fulfil its electoral pledges and maintain the support of the radical left on the one hand, whilst also reducing the country’s deficit and consequently the costs of interest-debt repayments.
期刊介绍：
A leading point of reference for scholars of Southern Europe, South European Society and Politics promotes both comparative and inter-disciplinary analyses, as well as offering innovative single county and sub-national studies. The journal acts as a forum for social, economic, cultural, contemporary historical and political approaches to research on the region, and is particularly keen to sponsor policy–focused studies in all these disciplines. The journal publishes research articles; South European Atlas with election reports and articles on other subjects of topical interest, and an extensive book reviews section, including both review articles and individual book reviews.
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