Uwe Puetter
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Why does EMU require informal governance?
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This chapter puts the Eurogroup's work into the historical and institutional context of the EMU. It explains how the creation of the Eurogroup responded to particular institutional deficiencies inherent to the EMU's economic governance set-up. Moreover, it also considers the effects of the multi-speed nature of European monetary integration on the efforts to strengthen economic policy coordination in Stage 3.

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The Eurogroup

How a secretive circle of finance ministers shape European economic governance

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