STRENGTHENING THE EUROPEAN COMMISSION’S BUDGETARY AND ECONOMIC SURVEILLANCE CAPACITY SINCE GREECE AND THE EURO DEBT CRISIS: A STUDY OF FIVE DIRECTORATES-GENERAL

Savage, James D. and Verdun, Amy (2015) STRENGTHENING THE EUROPEAN COMMISSION’S BUDGETARY AND ECONOMIC SURVEILLANCE CAPACITY SINCE GREECE AND THE EURO DEBT CRISIS: A STUDY OF FIVE DIRECTORATES-GENERAL. [Conference Proceedings] (Submitted)

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Abstract

Has the executive role of the European Commission changed since the euro debt crisis? Intergovernmentalists point to the increased role of the member states and the Council at the expense of the Commission and other supranational institutions. This paper examines how the Commission has responded to the expansion of fiscal and economic rules such as the regulations that strengthen the EU’s statistical competence and the Six-Pack and Two-Pack. Based on interviews conducted with key staff, we find that these rules have created significant coordination, information, and analytical demands on the Commission. The latter has enhanced its horizontal and vertical coordination efforts, prioritized staff for the Directorate-Generals conducting surveillance activities, added DGs to these efforts, and reorganized their organizational structures to promote a deeper understanding of the member states’ fiscal and economic policies. Using a principal-agent approach this paper explains how the Commission has increased its role in European integration process.

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