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Prior to the Civil War, Goicoechea in 1934 had negotiated along with theCarlists Antonio Lizarza Iribarren and Rafael de Olazábal y Eulate with the Italian dictatorBenito Mussolini on a military agreement to guarantee Italian support of their movements if a civil war erupted in Spain.[17] However, according to Lizarza, when the Civil War erupted in 1936, it had not been initiated by Goicoechea or other members of the agreement but by a group of army officers and so Goicoechea's agreement with Mussolini did not go forward.[18] AfterFalange Española Tradicionalista y de las Juntas de Ofensiva Nacional Sindicalista emerged in 1937, Goicoechea dissolvedRenovación Española and served as the 58thGovernor of the Bank of Spain (from 1938 to 1950)[2] andProcurador en Cortes (representative of the Francoist legislature).
González Cuevas, Pedro Carlos (2001). "Antonio Goicoechea. Político y doctrinario monárquico".Historia y política: Ideas, procesos y movimientos sociales (6):161–190.ISSN1575-0361.