Informal governance and the operation of the SGP
in The Eurogroup
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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.

The Eurogroup

How a secretive circle of finance ministers shape European economic governance

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