Manchester University Press
7 Conclusion
Abstract
This chapter concludes the book by highlighting the institutional implications of this study for economic governance in the EMU and the wider EU. The Eurogroup represents a framework for routinised informal policy dialogue among the euro area's key decision makers. In this context the deliberative style of the informal discussions plays a pivotal role. The chapter highlights which lessons can be learnt in the area of the EMU from the experiences gained within the Eurogroup. In this context, the discussion pays particular attention to the consequences for economic governance within the euro area of the enlargement of the EU by ten new member states in 2004. Moreover, it considers the future use of deliberative intergovernmentalism in the light of concerns that the creation of informal negotiation settings at the intergovernmental level contradicts basic democratic principles. Finally, the discussion points to the possible use of this governance mode in other policy areas than the EMU.
Abstract
This chapter concludes the book by highlighting the institutional implications of this study for economic governance in the EMU and the wider EU. The Eurogroup represents a framework for routinised informal policy dialogue among the euro area's key decision makers. In this context the deliberative style of the informal discussions plays a pivotal role. The chapter highlights which lessons can be learnt in the area of the EMU from the experiences gained within the Eurogroup. In this context, the discussion pays particular attention to the consequences for economic governance within the euro area of the enlargement of the EU by ten new member states in 2004. Moreover, it considers the future use of deliberative intergovernmentalism in the light of concerns that the creation of informal negotiation settings at the intergovernmental level contradicts basic democratic principles. Finally, the discussion points to the possible use of this governance mode in other policy areas than the EMU.
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
