Taming the European Parliament: How Member States Reformed Economic Governance in the EU

26 Pages Posted: 1 Dec 2017

See all articles by Edoardo Bressanelli

Edoardo Bressanelli

University of London - European and International Studies

Nicola Chelotti

Loughborough University

Date Written: November 2017

Abstract

This paper aims to assess the role of the European Parliament (EP) in the recent reforms of the EU’s economic governance. It shows that, despite the post-Lisbon communitarisation of the EMU policy-making, the impact of the EP was limited. Based on original interview data and a wealth of primary and secondary sources, it reveals that the EP was only able to produce limited ‘first-order changes’ (i.e., adjustments to the details of the policy regime), whereas it had almost no influence on the goals and instruments of the EMU. The paper argues that the limited influence of the EP can be explained by the dominant role member states (still) play in the EMU. They defined the ‘policy core’ of economic and budgetary policies (in terms of sound public finances and low inflation) before the upgrade of the EP’s powers with the Lisbon treaty, and using several strategies they defended it successfully in the post-Lisbon context. The paper reviews the key policies adopted by the EU to tackle the crisis – from the reform of the Stability and Growth Pact to legislation on the Banking Union – and identifies five strategies through which the Council (often in tandem with the Commission) successfully managed to curb the influence of the EP.

Keywords: Economic governance; EMU; European Parliament; Lisbon Treaty; Member States; Policy Change

Suggested Citation

Bressanelli, Edoardo and Chelotti, Nicola, Taming the European Parliament: How Member States Reformed Economic Governance in the EU (November 2017). Robert Schuman Centre for Advanced Studies Research Paper No. RSCAS 2017/54. Available at SSRN: https://ssrn.com/abstract=3079621 or http://dx.doi.org/10.2139/ssrn.3079621

Edoardo Bressanelli (Contact Author)

University of London - European and International Studies ( email )

Virginia Woolf Building
22 Kingsway
London, WC2B 6NR
United Kingdom

Nicola Chelotti

Loughborough University ( email )

Ashby Road
Nottingham NG1 4BU
Great Britain

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