Bargaining Success in the Reform of the Eurozone

Speaker:  Jonas Tallberg, Professor of Political Science at Stockholm University

Between 2010 and 2015, EU governments negotiated consecutive reforms to the governance of the eurozone which, taken together, represent perhaps the most significant deepening of European integration in modern times. What factors determined the outcome of these negotiations? Did some countries exert greater influence than others? This paper offers the first systematic assessment of bargaining success in the reform of the eurozone. It evaluates the explanatory power of three potential sources of bargaining success – power, preferences, and coalitions – based on an analysis of new and unique data on the positions of all EU member states on all key reform proposals. Its conclusions carry general importance for our understanding of power and negotiation in Europe.