Manchester University Press
2 Why does EMU require informal governance?
Abstract
This chapter puts the Eurogroup's work into the historical and institutional context of the EMU. It explains how the creation of the Eurogroup responded to particular institutional deficiencies inherent to the EMU's economic governance set-up. Moreover, it also considers the effects of the multi-speed nature of European monetary integration on the efforts to strengthen economic policy coordination in Stage 3.
Abstract
This chapter puts the Eurogroup's work into the historical and institutional context of the EMU. It explains how the creation of the Eurogroup responded to particular institutional deficiencies inherent to the EMU's economic governance set-up. Moreover, it also considers the effects of the multi-speed nature of European monetary integration on the efforts to strengthen economic policy coordination in Stage 3.
Chapters in this book
- Front matter i
- Contents v
- List of figures vii
- List of tables ix
- List of abbreviations xi
- Acknowledgements xiii
- Introduction 1
- 1 Theorising informality 9
- 2 Why does EMU require informal governance? 36
- 3 The informal working method 63
- 4 The agenda 86
- 5 Informal governance and the operation of the SGP 112
- 6 Assessing the Eurogroup’s informal working method 140
- 7 Conclusion 160
- References 175
- Index 189
Chapters in this book
- Front matter i
- Contents v
- List of figures vii
- List of tables ix
- List of abbreviations xi
- Acknowledgements xiii
- Introduction 1
- 1 Theorising informality 9
- 2 Why does EMU require informal governance? 36
- 3 The informal working method 63
- 4 The agenda 86
- 5 Informal governance and the operation of the SGP 112
- 6 Assessing the Eurogroup’s informal working method 140
- 7 Conclusion 160
- References 175
- Index 189
