Who governs the euro area? The informal nature of the Eurogroup and the limited transparency of its decision making makes this a difficult question to answer. Yet knowing who is in charge is the very prerequisite of democratic accountability for decisions that impact the everyday lives of millions of citizens, including fundamental policies such as national budgets. In our fourth and final study on the EU’s economic governance institutions, we shed light on what the Eurogroup is and does, who prepares its decisions and how its accountability can be improved.
