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The EurogroupHow a Secretive Circle of Finance Ministers Shape European Economic Governance$
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Uwe Puetter

Print publication date: 2006

Print ISBN-13: 9780719074035

Published to Manchester Scholarship Online: July 2012

DOI: 10.7228/manchester/9780719074035.001.0001

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The informal working method

The informal working method

(p.63) 3 The informal working method
The Eurogroup

Uwe Puetter

Manchester University Press

This chapter introduces key features of the Eurogroup's informal working method. It is within this institutional setting that the euro area's top decision-makers address the challenges to economic governance in Stage 3. The actual work of the group is not regulated through legal provisions. Informal governance within the Eurogroup is built on a set of routinised practices and shared rules. Although the process of informal governance is often fluid and has been adjusted over time, nonetheless some characteristic patterns have evolved over the last six years. This chapter notes the structures of informal governance, preparation for the meetings, personality and group dynamic, and other informal groups in the context of the EMU.

Keywords:   Eurogroup, top decision-makers, economic governance, informal governance

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