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Parliamentary questions
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5 March 2019
Question for written answer E-001181-19
to the Commission
Rule 130
Mario Borghezio (ENF)

 Subject:  Eurogroup's activity and transparency
 Answer in writing 

The organisation Transparency International has for many years now promoted global research and studies into the transparency of institutions and into corruption. In its latest report, entitled ‘Vanishing Act’, it describes the Eurogroup, the informal summit of ministers of the euro area which meets ahead of the Council of Economic and Financial Affairs, as a body with minimal transparency that continues to evade proper accountability.

Recent meetings on the Italian budget are a case in point. While the Eurogroup itself does not have any remit for direct decision-making during its talks behind closed doors, these meetings do in fact influence economic policy, judgments on this policy and rescue action should there be a crisis.

1. What is the Commission’s opinion of the lack of transparency surrounding Eurogroup meetings and how does it propose to involve more parties in the process of making decisions on major economic and financial choices (including the ESM)?

Original language of question: IT 
Last updated: 2 April 2019Legal notice