Portugal in the European Union: The Limits of Convergence

This article examines the integration experience of Portugal in the European Union in order to study how it has affected the country's fiscal policies in the decade prior to the global financial crisis, from 1999 to 2008. It focuses on three main variables to account for the difficulties that P...

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Bibliographic Details
Published in:South European society & politics 2013-06, Vol.18 (2), p.197-216
Main Author: Royo, Sebastián
Format: Article
Language:English
Subjects:
Convergence
Economic and Monetary Union
Economic Change
Economic Crises
Economic reform
Economic sociology
Economic stability
EMU
Europe
European Union
Financial crisis
Fiscal Convergence
Fiscal Crisis
Fiscal Policy
General studies. Economic systems
Global Financial Crisis
Institutional Change
International relations
Political sociology
Portugal
Sociology
Sociology of economy and development
Sovereign Debt Crisis
Stability
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Summary:This article examines the integration experience of Portugal in the European Union in order to study how it has affected the country's fiscal policies in the decade prior to the global financial crisis, from 1999 to 2008. It focuses on three main variables to account for the difficulties that Portugal experienced in complying with the Stability and Growth Pact: institutions, ideas, and interests. The paper closes with some lessons from the Portuguese experience. The examination of this case will show that, to be successful, economic reform has to be a domestic process led by domestic actors willing to carry it out.
ISSN:1360-8746
1743-9612
DOI:10.1080/13608746.2013.801114