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

Diego Badell, Fabrizio Di Mascio, Alessandro Natalini, Edoardo Ongaro, Francesco Stolfi, Tamyko Ysa

Research output: Indexed journal article Articlepeer-review

9 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)1307-1329
Number of pages23
JournalPublic Management Review
Volume21
Issue number9
DOIs
Publication statusPublished - 2 Sept 2019
Externally publishedYes

Keywords

  • European Semester
  • austerity
  • conditionality
  • cutback management
  • fiscal retrenchment
  • sove-reign debt crisis

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