The Eurogroup, Power and Accountability

16 Pages Posted: 31 Oct 2017

See all articles by Paul P. Craig

Paul P. Craig

University of Oxford - Faculty of Law

Date Written: July 2017


This article considers the role of the Eurogroup in EU decision‐making, a topic that is under‐theorised, more especially given its importance in the overall EU schema. The Eurogroup's power has grown very considerably, largely because of the enhanced role that it has been accorded as a result of the financial crisis, with the result that its power no longer accords with the Treaty provisions that specify its function. The article sets out the Treaty foundations of the Eurogroup, examines its role in EU decision‐making, the rationale for its increased power, and the extent to which it is politically and legally accountable.

Suggested Citation

Craig, Paul P., The Eurogroup, Power and Accountability (July 2017). European Law Journal, Vol. 23, Issue 3-4, pp. 234-249, 2017. Available at SSRN: or

Paul P. Craig (Contact Author)

University of Oxford - Faculty of Law ( email )

St. Cross Building
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Oxford, OX1 3UJ
United Kingdom

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