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The Road To MaastrichtNegotiating Economic and Monetary Union$
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Kenneth Dyson and Kevin Featherstone

Print publication date: 1999

Print ISBN-13: 9780198296386

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829638X.001.0001

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Italy and the IGC: Negotiating External Discipline, Avoiding Exclusion, 1990–1991

Italy and the IGC: Negotiating External Discipline, Avoiding Exclusion, 1990–1991

Chapter:
(p.508) 12 Italy and the IGC: Negotiating External Discipline, Avoiding Exclusion, 1990–1991
Source:
The Road To Maastricht
Author(s):

Kenneth Dyson (Contributor Webpage)

Kevin Featherstone (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/019829638X.003.0013

Italy's maximalist negotiating positions—of a binding timetable, strong central institutions for the transition, and flexible entry conditions—were soon confronted in 1991 by the realization of a bargaining weakness. The latter stemmed from the domestic economic position, but also from the shift of the Mitterrand administration towards the negotiating positions adopted by the German–Dutch policy coalition. This context explains the successes and failures of the Italian negotiators in the IGC. Some technical influence was achieved. There was little scope for them to obtain a more favourable outcome, given that they were outside the Franco–German axis and an alternative coalition was not available. Above all, Italian negotiators had to avoid the risk of exclusion from EMU, which would have constituted a profound domestic shock.

Keywords:   Giulio Andreotti, automaticity, coalitions, Mario Draghi, intergovernmental conference, monetary institutions, negotiation, timetable, Tommaso Padoa‐Schioppa, Umberto Vattani

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