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Book Review: Erik Jones and Gianfranco Pasquino (eds), The Oxford Handbook of Italian Politics

dimensions of the phenomenon, with clear practical policy implications for specific countries. For instance, Mabbett et al. argue in chapter 6 that European rules mandating the inclusion of ‘bad banks’ in government budgets might lead governments to ignore banking problems rather than addressing them. This interpretation may explain what happened in December 2016 with the Portuguese bank Banif, whose resolution was delayed to accommodate national political interests and finally led to a deficit exceeding 3% of gross domestic product (GDP), thus bringing the country under the ‘corrective arm’ through an excessive deficit procedure.