Light at the end of the tunnel: Eurozone bailouts and satisfaction with democracy

Frank Schimmelfennig; Dominik Schraff

doi:10.1007/978-3-658-27043-8_31

Light at the end of the tunnel: Eurozone bailouts and satisfaction with democracy

Research output: Contribution to book/anthology/report/conference proceeding › Book chapter › Research › peer-review

Abstract

How did the Eurozone bailouts affect national democracies? Recent research, including by Klaus Armingeon and his colleagues, indicates strong citizen detachment from democracy due to the external constraints imposed by bailout programs on national autonomy. This chapter re-examines the detachment thesis with the help of the generalized synthetic control method. We confirm the strong negative effect of bailouts on satisfaction with democracy, but show that the effect diminishes substantially after a number of years.

Original language	English
Title of host publication	The European Social Model under Pressure : Liber Amicorum in Honour of Klaus Armingeon
Publisher	Springer VS
Publication date	2020
Pages	555-566
ISBN (Print)	978-3-658-27043-8
DOIs	https://doi.org/10.1007/978-3-658-27043-8_31
Publication status	Published - 2020
Externally published	Yes

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abstract = "How did the Eurozone bailouts affect national democracies? Recent research, including by Klaus Armingeon and his colleagues, indicates strong citizen detachment from democracy due to the external constraints imposed by bailout programs on national autonomy. This chapter re-examines the detachment thesis with the help of the generalized synthetic control method. We confirm the strong negative effect of bailouts on satisfaction with democracy, but show that the effect diminishes substantially after a number of years.",

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Light at the end of the tunnel: Eurozone bailouts and satisfaction with democracy

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