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Too big to fail? The dynamics of EU influence and fiscal consolidation in Italy and Spain (2008–2016)

Badell, Diego; Di Mascio, Fabrizio; Natalini, Alessandro; Ongaro, Edoardo; Stolfi, Francesco and Ysa, Tamyko (2019). Too big to fail? The dynamics of EU influence and fiscal consolidation in Italy and Spain (2008–2016). Public Management Review, 21(9) pp. 1307–1329.

DOI (Digital Object Identifier) Link: https://doi.org/10.1080/14719037.2019.1618386
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Abstract

The article studies the dynamics of fiscal consolidation and public sector reforms in Italy and Spain under the EU governance that took shape as a reaction to the Eurozone crisis. We show how three types of EU pressure – fiscal and economic coordination rules, conditionality, and back-room diplomacy have operated in conjunction. We also show that Italy was more willing than Spain to resist EU pressure. Based on a Two-Level Game framework, we argue that this can be explained by the greater opposition to European integration that has developed in Italy compared to Spain.

Item Type: Journal Item
Copyright Holders: 2019 Informa UK Limited, trading as Taylor & Francis Group
Keywords: European Semester; cutback management; austerity; fiscal retrenchment; conditionality; sove-reign debt crisis
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Public Leadership and Social Enterprise
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Item ID: 62393
Depositing User: Tracey Moore
Date Deposited: 11 Jul 2019 12:13
Last Modified: 11 Jul 2019 12:28
URI: http://oro.open.ac.uk/id/eprint/62393
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