From Bail-out to Bail-in: explaining the variegated responses to the international financial aid requests of Ireland and Cyprus

The financial crisis that hit the Eurozone in 2010 drove a number of its members request assistance from their EU partners. reaction to these requests at European level came coordination with IMF, but not necessarily uniform manner. This article compares adjustment programmes Ireland and Cyprus. Despite similarity on independent variable (local economic conditions), design Irish Cypriot (the dependent variable) differed fundamentally, least because introduction bail-in clause Cyprus, involving direct loses for depositors. seeks explain how this key policy departure be what were conditions made possible by examining temporal evolution response focusing particular four explanatory themes: (i) time as negotiating (dis)advantage; (ii) platform learning; (iii) justifier past choices (path dependency) (iv) signifier future setting).