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  • Too big to fail? The dynami...
    Badell, Diego; Di Mascio, Fabrizio; Natalini, Alessandro; Ongaro, Edoardo; Stolfi, Francesco; Ysa, Tamyko

    Public management review, 09/2019, Letnik: 21, Številka: 9
    Journal Article

    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.