Till austerity do us part? A survey experiment on support for the euro in Italy Article Swipe

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Lucio Baccaro , Björn Bremer , Erik Neimanns ·

YOU? · · 2021 · Open Access · · DOI: https://doi.org/10.1177/14651165211004772

The COVID-19 pandemic worsened Italy’s fiscal outlook by increasing public debt. If interest rates were to rise, it would become more likely that Italy experiences a financial crisis and requires a European bailout. How does making EU funds conditional on austerity and structural reforms affect Italians’ support for the euro? Based on a novel survey experiment, this article shows that a majority of voters chooses to remain in the euro if a bailout does not involve conditionality, but the pro-euro majority turns into a relative majority for ‘Italexit’ if the bailout is contingent on austerity policies. Blaming different actors for the fiscal crisis has little effect on support. These results suggest that conditionality may turn Italian voters against the euro.

Related Topics

Greek Government-Debt Crisis

Concepts

Austerity Bailout Conditionality Economics European debt crisis Debt Financial crisis Debt crisis Survey data collection Political science Economic policy Monetary economics European union European integration Keynesian economics Macroeconomics Politics Statistics Law Mathematics

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Type: article
Language: en
Landing Page: https://doi.org/10.1177/14651165211004772
PDF: https://journals.sagepub.com/doi/pdf/10.1177/14651165211004772
OA Status: hybrid
Cited By: 43
References: 61
Related Works: 10
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DOI: https://doi.org/10.1177/14651165211004772

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Title: Till austerity do us part? A survey experiment on support for the euro in Italy

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Type: article

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Language: en

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Publication year: 2021

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Publication date: 2021-04-08

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Authors: Lucio Baccaro, Björn Bremer, Erik Neimanns

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Landing page: https://doi.org/10.1177/14651165211004772

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Concepts: Austerity, Bailout, Conditionality, Economics, European debt crisis, Debt, Financial crisis, Debt crisis, Survey data collection, Political science, Economic policy, Monetary economics, European union, European integration, Keynesian economics, Macroeconomics, Politics, Statistics, Law, Mathematics

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Cited by: 43

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Citations by year (recent): 2025: 24, 2024: 3, 2023: 4, 2022: 9, 2021: 2

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