scholarly journals Opening Pandora's Box: The Sovereign Debt Crisis and Labour Market Regulation in Greece

2012 ◽  
Vol 41 (3) ◽  
pp. 276-304 ◽  
Author(s):  
A. Koukiadaki ◽  
L. Kretsos
Keyword(s):  
Labour Market ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Market Regulation ◽  
Sovereign Debt Crisis ◽  
Labour Market Regulation

The Italian labour market policy reforms and the economic crisis: coming towards the end of Italian exceptionalism?

2018 ◽  
Author(s):  
Patrik Vesan ◽  
Emmanuele Pavolini
Keyword(s):  
Labour Market ◽  
Economic Crisis ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
New Wave ◽  
Sovereign Debt Crisis ◽  
Policy Reforms ◽  
Market Policy ◽  
Labour Market Policies ◽  
The Great Recession

The Italian labour market has been put under very strong pressure since the onset of the financial and economic crisis. After the 2011 sovereign debt crisis a new wave of reforms started in relation to labour market policies. Although it is not possible to detect a single trajectory of change in Italian labour market policies, we can observe an overall tendency toward a peculiar version of ‘welfare readjustment’, a pattern of reform in which governments curtail such policies as income or job protection for insiders, while adopting new social policies. This ‘readjustment process’ has been realised through the adoption of some provisions that favour ‘outsiders’ and, at the same time, the drastic retrenchment of labour rights for workers on open-ended contracts. As a result, the boundaries between ‘insiders’ and ‘outsiders’ now appear more blurred than they were before the outbreak of the Great Recession.

The Politics of Change. Coalitional politics and labour market reforms during the sovereign debt crisis in Portugal

2020 ◽  
pp. 1-19
Author(s):  
RUI BRANCO ◽  
DANIEL CARDOSO
Keyword(s):  
Labour Market ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Employment Protection ◽  
Coalition Building ◽  
Market Reforms ◽  
Second Phase ◽  
Sovereign Debt Crisis ◽  
Labour Market Reforms ◽  
Coalitional Politics

Abstract This article describes and explains labour market reforms in Portugal during the sovereign debt crisis from 2011 to 2014. Policy outputs were not homogenous, but differentiated between a first phase where recalibration co-existed alongside hard liberalising measures and a second phase, from late 2012, where recalibration was dropped and liberalisation further deregulated employment protection and security and eroded collective bargaining. This variation is explained by the changing coalitional politics and blame allocation underpinning policymaking under conditionality. Initial reforms resulted from a broad informal political coalition spanning the governing centre-right parties, the main opposition party, a trade union and employer confederations; its breakdown in late 2012 led to the executive’s increasing centralisation, the shut down of social concertation, and more radical policy outputs. The article shows that cooperation between government and opposition and government and social partners is possible even under external conditionality, how coalition politics affects the nature and direction of reforms, and highlights how political dynamics of blame allocation drive the process of coalition building and breakdown.

European Economies Stability Faced With Potential Outburst of Sovereign Debt Crisis. An Empirical Study Using Neural Network

2013 ◽  
Vol 12 (2) ◽  
pp. 3255-3260
Author(s):  
Stelian Stancu ◽  
Alexandra Maria Constantin
Keyword(s):  
Neural Network ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Banking System ◽  
Sovereign Debt Crisis ◽  
European Level ◽  
Continuous Growth ◽  
Economic Context ◽  
European Economies ◽  
The Impact

Instilment, on a European level, of a state incompatible with the state of stability on a macroeconomic level and in the financial-banking system lead to continuous growth of vulnerability of European economies, situated at the verge of an outburst of sovereign debt crises. In this context, the current papers main objective is to produce a study regarding the vulnerability of European economies faced with potential outburst of sovereign debt crisis, which implies quantitative analysis of the impact of sovereign debt on the sensitivity of the European Unions economies. The paper also entails the following specific objectives: completing an introduction in the current European economic context, conceptualization of the notion of “sovereign debt crisis, presenting the methodology and obtained empirical results, as well as exposition of the conclusions.

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