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The Eurogroup, power and accountability
Author(s) -
Craig Paul
Publication year - 2017
Publication title -
european law journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 54
eISSN - 1468-0386
pISSN - 1351-5993
DOI - 10.1111/eulj.12251
Subject(s) - accountability , treaty , schema (genetic algorithms) , power (physics) , law and economics , political science , function (biology) , business , law , economics , computer science , physics , quantum mechanics , machine learning , evolutionary biology , biology
This article considers the role of the Eurogroup in EU decision‐making, a topic that is under‐theorised, more especially given its importance in the overall EU schema. The Eurogroup's power has grown very considerably, largely because of the enhanced role that it has been accorded as a result of the financial crisis, with the result that its power no longer accords with the Treaty provisions that specify its function. The article sets out the Treaty foundations of the Eurogroup, examines its role in EU decision‐making, the rationale for its increased power, and the extent to which it is politically and legally accountable.