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This briefing paper analyses the role of the Eurogroup in European economic governance. It assesses the effectiveness of thematic discussions, proposes improvements to the process, and suggests how the legitimacy of Eurogroup actions and decisions could be strengthened.

In its current approach to achieve an appropriate euro area fiscal stance, the EU Commission asks countries with fiscal space to provide extra stimulus in order to compensate for countries that are constrained by debt sustainability considerations. However, the aggregate fiscal stance is not a particularly useful concept since it abstracts from too much relevant information at the country level. In particular, excessive stimulus in one country is likely to generate welfare losses there, since this ...

The World Economic Forum is considered to have significant influence. At the same time, it attracts considerable criticism. To its proponents, the organisation – through its meetings – enables business, NGOs and political leaders to meet and debate possible solutions to key issues of global concern. To its critics, the Forum, and specifically its annual meetings, is nothing more than an opaque venue for political and business leaders to take decisions without having to account to their electorate ...

European Economic Governance, the system of multilateral coordination of national policies of European (and euro area) Member States, is a complex framework that has been reformed numerous times. The current system, adopted during the European debt crisis, is criticised on the grounds that it is too complex, opaque and lacks legitimacy. Although the various stakeholders have different views on the content of the reforms, the priorities that need to be given and the timeline of the implementation, ...

The legislative initiative report on the "Reform of the Electoral Law of the European Union", drawn-up by the Committee on Constitutional Affairs calls for amendment of the Act concerning the election of Members of the European Parliament by direct universal suffrage. In this report, the Co-Rapporteurs Danuta Hübner and Jo Leinen propose a number of measures with the aim of enhancing the democratic nature of the European elections; reinforcing the legal status of citizenship of the Union; improving ...

This paper forms part of a series of nine studies on the role of the European Union in international economic fora, prepared by Policy Department A at the request of the Committee on Economic and Monetary Affairs of the European Parliament. It provides factual background information about the G20, the EU’s role and representation therein, its accountability as well as the coordination and impact thereof. The G20 has played a key role in measures taken to overcome the economic and financial crisis ...

This study aims to provide insights into the development, since 2012, of the European Commission’s system of Expert Groups, including the Register of Expert Groups. The specific focus of this study is an assessment of the European Commission’s compliance with a set of European Parliament conditions attached to repeated European Parliament budget reserves for the Expert Group budget. The European Parliament conditions aim to strengthen the balanced representation of interests in the Expert Groups, ...

Two papers included in this compendium reflect on the electoral reform of the European Parliament. First, written by Andrew Duff, EP's rapporteur on the electoral reform (2004-2014), discusses the ways on how the EP should reform itself in order to contribute to a strengthening of the democratic legitimacy of the European Union. Second paper by Friedrich Pukelsheim and Kai-Friederike Oelbermann suggests using a double-proportional method for the translation of the votes in the European elections ...

The Juncker Commission’s legitimacy and effectiveness in is being assessed connection with on the one side its composition, its organisation and functioning, and on the other side with its capacity to enhance legitimacy in the exercise of the EU’s competences and enhance and its input efficiency.

The Group of Twenty (G20)

Briefing 08-01-2015

The Group of Twenty (G20) is an informal forum for international cooperation, and consists of 19 major economies plus the European Union. It gained in prominence in 2008 – when regular summits at the level of leaders commenced – taking on the role of 'global crisis management committee'. While the majority of observers argue that the G20 did remarkably well to contain the financial and economic crisis in 2008 and 2009, it has been less successful in finding consensus and making progress on its agenda ...