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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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Informal governance and the operation of the SGP

Informal governance and the operation of the SGP

(p.112) 5 Informal governance and the operation of the SGP
The Eurogroup

Uwe Puetter

Manchester University Press

Building on a broader and contextual picture, this chapter turns to the in-depth analysis of a particular discourse over policy within the group. The discussion refers to the Eurogroup's role in the operation of the SGP. It explains how discussion in the Eurogroup has shaped the interpretation of the pact since it came into force, a process which also found its expression in the revisions made to the pact in March 2005. In addition, reference to four similar instances of non-compliance with common policy rules brings in a comparative dimension and seeks to account for the role of possible obstacles to informal policy deliberation such as political and economic pressure.

Keywords:   Eurogroup, SGP, common policy rules, non-compliance, economic pressure

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