Tuesday

14th Aug 2018

Eurogroup chief pledge on transparency after meeting MPs

  • Centeno has led the Eurogroup since mid-January. He promised to increase transparency (Photo: Council of the European Union)

Portuguese finance minister and head of the Eurogroup Mario Centeno has said he will make the Eurogroup more transparent, and that he will respond to transparency concerns raised by Dutch MPs before the end of the year.

"We take this transparency issue seriously," Centeno said in a written statement sent by his spokesman, in response to questions from EUobserver.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... or join as a group

Three Dutch MPs presented Centeno with a set of recommendations on Monday (19 February), aimed at making lawmaking by the Council of the EU – where national governments meet – less opaque.

The recommendations were given on behalf of 26 national parliaments from twenty EU countries.

"Naturally a letter that has the support of 26 European parliaments deserves our attention – this is why I received the Dutch delegation and I've kept the document," said Centeno.

"I will analyse it and we will respond later this year," he added.

Among the recommendations is a formalisation of the Eurogroup, where the eurozone's finance ministers meet. It is a powerful body, but lacks an institutional framework.

"The Eurogroup is an informal body that discusses issues related to the euro. Our goal is to coordinate policies and ensure a smooth functioning of the euro," said Centeno.

"This informality must not prevent the Eurogroup from being more transparent and accountable," he added.

Centeno noted, via his spokesman, that all finance ministers are accountable to their national parliaments, and that Eurogroup president Centeno meets with members of the European Parliament.

"Additionally, the Eurogroup has taken two years ago a transparency initiative where it committed to publish key documents, such as agenda, conclusions and some programme-country documents," he added.

"This has improved the transparency of our discussions. We will continue on this path," said the Portuguese, who took over the Eurogroup presidency from Dutchman Jeroen Dijsselbloem less than six weeks ago.

No immediate yes or no

Centre-right Dutch MP Pieter Omtzigt was one of the three who met with Centeno.

"We thought it was nice of him to receive us," Omtzigt told this website in an interview in Brussels.

He said the MPs asked Centeno to meet with them in a few months time to discuss their recommendations, which also include making council documents public by default – instead of confidential by default, the current practice.

"I understand that he did not immediately say yes or no [to the proposals]," said Omtzigt.

"I think in a couple of months that meeting will take place. And than I expect some answers from him," said the Dutch MP.

He noted that it was important to be able to scrutinise the Eurogroup, in particular now that there are discussions about setting up a European Monetary Fund.

But to Omtzigt, the formalisation of the Eurogroup was more a means than an end.

"You can formalise the Eurogroup through treaty change," he said.

"To me it is more important that the practice changes, rather than that I am pleading for a treaty change," he said, adding that he knew very well how difficult such a change can be, since it needs agreement by unanimity as well as a difficult ratification process.

Omtzigt noted that even as informal body, the Eurogroup could also take up transparency rules and access to documents provisions in its internal statute.

The MP spoke to EUobserver in the European Parliament, after meeting with MEPs.

"The [European] parliament can ask questions to the president of the council. We can't do that," he said about members of national parliaments.

"They could ask the council president if this issue will be put on the agenda. A very simple question – but very relevant."

MPs demand Council become more transparent

Three Dutch MPs, on behalf of 26 national parliamentary chambers across the EU, are demanding more transparency. 'The Eurogroup is the most opaque of them all,' complained Dutch MP Omtzigt.

Investigation

EU Commission paying too much for iPhones and IT

EUobserver has obtained internal documents and emails from within the European Commission that outline questionable contracts with outside suppliers who appear to be overcharging for goods and services.

News in Brief

  1. Man held after car crashes into UK parliament security barrier
  2. Brexit delays better readability of medicines' instructions
  3. Masked youths set dozens of cars alight in Sweden
  4. Spain and Italy refuse new Aquarius-rescued migrants
  5. Bayer shares plunges after glyphosate cancer trial
  6. Merkel announces surprise visit by Putin
  7. Hungary to ban university gender study courses
  8. Support for Swedish Greens up over climate concerns

Stakeholders' Highlights

  1. ACCACompany Law Package: Making the Best of Digital and Cross Border Mobility,
  2. IPHRCivil Society Worried About Shortcomings in EU-Kyrgyzstan Human Rights Dialogue
  3. UNESDAThe European Soft Drinks Industry Supports over 1.7 Million Jobs
  4. Mission of China to the EUJointly Building Belt and Road Initiative Leads to a Better Future for All
  5. IPHRCivil society asks PACE to appoint Rapporteur to probe issue of political prisoners in Azerbaijan
  6. ACCASocial Mobility – How Can We Increase Opportunities Through Training and Education?
  7. Nordic Council of MinistersEnergy Solutions for a Greener Tomorrow
  8. UNICEFWhat Kind of Europe Do Children Want? Unicef & Eurochild Launch Survey on the Europe Kids Want
  9. Nordic Council of MinistersNordic Countries Take a Stand for Climate-Smart Energy Solutions
  10. Mission of China to the EUChina: Work Together for a Better Globalisation
  11. Nordic Council of MinistersNordics Could Be First Carbon-Negative Region in World
  12. European Federation of Allergy and AirwaysLife Is Possible for Patients with Severe Asthma

Latest News

  1. Separation of powers instead of 'Spitzenkandidat' process
  2. Revealed: ExxonMobil's private dinner with Cyprus' top EU brass
  3. What Salvini teaches us about Operation Sophia
  4. 14 lobbyist meetings with Oettinger and Canete went unminuted
  5. UK poll suggests Brits would now vote Remain
  6. Some EU states face delays in 5G preparation
  7. Nordic and Baltic farmers urgently need EU support
  8. Migrant death rate spikes despite EU 'safety' priority

Stakeholders' Highlights

  1. PKEE - Polish Energy AssociationCommon-Sense Approach Needed for EU Energy Reform
  2. Nordic Council of MinistersNordic Region to Lead in Developing and Rolling Out 5G Network
  3. Mission of China to the EUChina-EU Economic and Trade Relations Enjoy a Bright Future
  4. ACCAEmpowering Businesses to Engage with Sustainable Finance and the SDGs
  5. Nordic Council of MinistersCooperation in Nordic Electricity Market Considered World Class Model
  6. FIFAGreen Stadiums at the 2018 Fifa World Cup
  7. Mission of China to the EUChina and EU Work Together to Promote Sustainable Development
  8. Counter BalanceEuropean Ombudsman Requests More Lending Transparency from European Investment Bank
  9. FIFARecycling at the FIFA World Cup in Russia
  10. Nordic Council of MinistersOECD Report: Gender Equality Boosts GDP Growth in Nordic Region
  11. Centre Maurits Coppieters“Peace and Reconciliation Is a Process That Takes Decades” Dr. Anthony Soares on #Brexit and Northern Ireland
  12. Mission of China to the EUMEPs Positive on China’s New Measures of Opening Up

Join EUobserver

Support quality EU news

Join us