ABSTRACT
This chapter aims to investigate the factors that led to such diverse outcomes, and outlines hypotheses based on the non-compliance literature. It presents the empirical elements of the bailout plans for Ireland and Greece and analyzes the administrations' responses at the domestic level. The domestic reasons for the erosion of market confidence in Greece's sovereign debt were structural public deficits and its inability to reform its economy. The Varieties of Capitalism literature classifies Ireland as part of the liberal market economies group. Ireland had to "adopt legislative changes to remove restrictions to trade and competition in sheltered sectors including the legal profession, medical services and the pharmacy profession". The comparison between Greek and Irish compliance with their respective mous confirms and amends our hypotheses. The number of veto players, paucity of administrative resources and distance between agency and program goals greatly affect compliance and resistance.
