Tuesday, 17 May 2011

Ecofin: Eurozone bailout Portugal

It is a telling sign of weak EU structures that the chief outcome of the Economic and Financial Affairs Council (Ecofin) is produced ”in the margins” of the Council:

Statement by the Eurogroup and ECOFIN Ministers (16 May; no document identifier)

The unanimous decision by ministers is there, but references (links) to decisions and other documents in final or draft form would have made the statement more credible and readable.


Until the conclusions of the Ecofin meeting (16 and) 17 May 2011 are released, interested readers find guidance in the agenda and the background note (including a few paragraphs about Portugal).

Ralf Grahn

P.S. The members of the French blog collective ”les Cabris de l'Europe” produce the must-read Euroblog Europe 27etc, which discusses the shortcomings and feats of EU politics in France and elsewhere. Critical and constructive.

P.S. 1: Has the EU Council really internalised the newish Lisbon Treaty? The discussion about access to documents and Council transparency continues on Ronny Patz's blog post.