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ALDA joins the Eurozone Watchdog Network, to improve and reform governance in the Eurozone

On December the 6th, 18 organisations – including ALDA – undersigned the Eurozone Watchdog Network Manifesto proposed by Transparency International EU, to foster reforms in the governance of the European Union


On the same date, the European Commission proposed a series of long overdue reforms on how the Eurozone is governed, including changes to the European Stability Mechanism, a new EU Finance Minister and a dedicated budget.

These proposals coincide with the launch of a new Eurozone Watchdog Network of 18 organisations dedicated to monitoring the transparency, accountability and democratic standards of the Eurozone. Amongst them, ALDA is present as a signatory, bringing our expertise and long-standing history as a bastion in the promotion of good governance at the local level.

The Watchdog Network welcomes the Commission’s focus on more democratic legitimacy and institutional reforms. In the Network Manifesto, the undersigned organisations call on the Commission to begin negotiations on a legal agreement to make the Eurogroup accountable to the European Parliament, ahead of the 2019 EU elections.

“Major decisions affecting us all have been taken behind the closed doors of the Eurogroup for far too long”, said Leo Hoffmann-Axthelm of Transparency International EU. “Member States must stop hiding behind this lack of transparency and take full responsibility for their actions. The Euro must be governed in the interests of European citizens,” continued Hoffmann-Axthelm.

“We have always supported a stronger, more transparent and accountable Eurozone governance”, added Petros Fassoulas, Secretary General of the European Movement International. “We are happy to be part of this initiative, and will continue to advocate for this, including a bigger role for the European Parliament.”


Signatory organisations:
• Access Info Europe
• Better Europe
• European Association for Local Democracy (ALDA)
• European Confederation of Independent Trade Unions (CESI)
• European Democracy Lab
• European Movement International
• European Women’s Lobby
• Fair Finance Institute
• Finance Watch
• Positive Money
• QE for People
• Social Platform
• Solidar
• Talous Demokratia
• Union of European Federalists
• UNI Europa

Useful Resources
Network Manifesto (.pdf)
European Commission Proposal


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