in Capitalising on constraint
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Chapter 5 analyses the margin of manoeuvre of Spanish governments during and after the Eurozone crisis. The Spanish case is theoretically interesting because it is the fourth biggest European economy, thus allowing us to consider the importance of the size of the country in the negotiations with external actors. It is also a special case in that the Spanish Memorandum of Understanding only addressed the financial sector.

Capitalising on constraint

Bailout politics in Eurozone countries


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