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The thesis is therefore structured so that the first chapter gives a detailed overview of MLGT. The second chapter introduces CAP, highlights its flaws and sets the stage for the third chapter, which contains the analysis of the negotiations that led to the second most substantial reform in the history of the CAP, the Mid-Term Review or Fischler Reform. The third chapter ends with conclusions about the validity of MLGT. The fourth chapter begins with a brief overview of the follow-up reform known as the ‘CAP Health Check of 2008’, which—due to its less substantial policy change and due to the space limitation of this thesis—cannot be analysed in detail with MLGT. Overview of the Health check, however, serves as a basis for the rest of the chapter, which discusses MLGT’s implications for the future of the CAP. More precisely, the fourth chapter presents analysis of four different policy scenarios, from incremental adjustment to radical change. The conclusion is that its multi-level structure, due to its Pareto inefficient internal decision-making dynamics, is likely to block all but adjustment scenario development. The final passage discusses the implications of the Lisbon Treaty and proposes future research. The concluding chapter reiterates the findings. 12