Photo by Clemente Ruiz Abenza via Unsplash

From crisis to stability: How to make the ESM transparent and accountable

Author
Leo Hoffmann-Axthelm
Date
22 February, 2017
Type
Event
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Monday, 6 March 2017, 12:30 – 16:00

Location: Residence Palace, Brussels

Register here.

The European Stability Mechanism (ESM) was created to save the euro from collapse.

But the Eurozone’s bailout fund is not actually an EU institution. This has a series of knock-on effects, making it difficult to hold the ESM to EU standards as regards transparency, legal review by the CJEU, but also access to documents regulation and accountability vis-à-vis the European Parliament, the Court of Auditors and Anti-Fraud Office.

Transparency International EU’s in-depth study of the governance and accountability of the ESM provides the first comprehensive analysis of the newest European economic governance institution, and makes a number of concrete recommendations. To make the ESM accountable, more transparency is in order, about where decisions are taken and who calls the shots. Is it the ESM, the Eurogroup, the Commission, or a coalition of Member States?

Our report launch attempts to answer these questions, and will be followed by a short informal meeting of civil society, think tanks and academics, to bring together interested stakeholders and help kick-start an element of participative democracy to the EU’s economic governance.

To register please sign up here.

12:30 – 13:00 Light lunch
13:00 – 13:10 INTRODUCTION

Carl Dolan, Director, Transparency International EU

13:10 – 13:30 PRESENTATION: Study on ESM integrity, transparency and accountability

Prof. Cornel Ban, study co-author, Boston University

Leo Hoffmann-Axthelm, Transparency International EU

13:30 – 15:00 PANEL DISCUSSION: ESM transparency and accountability

Moderator:  Leo Hoffmann-Axthelm

Eva Kaili MEP (S&D), European Parliament 

Rolf Strauch, European Stability Mechanism

Lucio Vinhas de Souza, European Political Strategy Centre, European Commission

Prof. Päivi Leino-Sandberg, University of Eastern Finland

Prof. Leonard Seabrooke, study co-author, Copenhagen Business School

Q & A

15:00 – 16:00 Informal network meeting: joint civil society recommendations 

Open invite for all interested civil society, academia & think tanks

Related Projects

Eurozone Economic Governance

How transparent are they institutions which govern the Euro?

Resources

From crisis to stability: How to make the ESM transparent and accountable

Transparency International EU’s in-depth study is the first analysis of the governance and accountability at the ESM, the newest European economic governance institution, and makes a number of concrete recommendations. To make the ESM accountable, more transparency is in order, about where decisions are taken and who calls the shots.

Want to know more? Get in touch

Leo Hoffmann-Axthelm

Research & Advocacy Coordinator – Eurozone Economic Governance
leo.hoffmann-axthelm@transparency.org