Does the Eurogroup foster structural reforms?

LINK TO THE POLICY PAPER ENGLISH

The Eurogroup aims at fostering structural reform in the euro area through informal exchange. To what extent is it successful in doing so? How can its coordination efforts become more effective and how can its legitimacy be strengthened?

In their briefing paper, Henrik Enderlein and Jörg Haas argue that the Eurogroup has to adapt in order to fulfil the additional tasks it has been assigned. The authors propose:

  • A stronger role for the President of the Eurozone
  • Publishing evaluations of member states’ reform efforts
  • A clear separation between informal and formal coordination
  • Cooperation between the European Parliament and national parliaments in order to safeguard democratic control of European economic policy coordination