Reforms Betrayed? Zapatero and Continuities in Economic Policy

While this issue assesses whether the Socialists' policies under Zapatero depart from previous administrations, this contribution will claim that in the economic policy realm there has been remarkable continuity. Indeed, it is hard to talk of a 'second transition' in the economic policy realm. This continuity is explained by ideological/programmatic considerations (fiscal consolidation has been adopted as a mantra by both parties), personnel continuities and stability in the top tier of economic policymaking, the economic constraints imposed by European Union membership, and by the decision to implement major reforms with the participation of the social actors.