Chapter

Why does EMU require informal governance?

Uwe Puetter

in The Eurogroup

Published by Manchester University Press

Published in print June 2006 | ISBN: 9780719074035
Published online July 2012 | e-ISBN: 9781781701553 | DOI: http://dx.doi.org/10.7228/manchester/9780719074035.003.0003
Why does EMU require informal governance?

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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.

Keywords: Eurogroup; EMU; economic governance; European monetary integration

Chapter.  11160 words.  Illustrated.

Subjects: European Union

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