Research Institute for Sustainability Helmholtz Centre Potsdam

Putting Off-Balance-Sheet Fiscal Agencies under the Control of the European Parliament Could Help Democratise Eurozone Governance

The Eurozone’s system of governance is often accused of lacking democratic legitimacy. Andrei Guter-Sandu and Steffen Murau write on the role of ‘off-balance-sheet fiscal agencies’, such as the European Investment Bank, European Stability Mechanism and Single Resolution Fund. They argue that the use of these institutions and mechanisms effectively constitutes a ‘fiscal ecosystem by stealth’ and that if this system were to be put under the control of the European Parliament, it could offer a channel for enhancing legitimacy.

Publication Year

2020

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Guter-Sandu, A., & Murau, S. (2020). Putting Off-Balance-Sheet Fiscal Agencies under the Control of the European Parliament Could Help Democratise Eurozone Governance. EUROPP – European Politics and Policy, 24.11.2020.

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