Macro‐economic coordination and elusive ownership in the European Union

The notion of ownership is well known in relation to global governance. In the realm of EU macro‐economic coordination, it has become a buzzword since the revamping process of the European Semester in 2015. This article investigates how ownership by four types of domestic actors (governments, administrations, parliaments and social partners) manifests itself in the European Semester. We conceptualize three types of ownership, namely institutional, political, and cognitive. Using network analysis, semi‐structured interviews, and a small‐scale survey, we find that ownership is strongest among governments and administrations which are able to shape the outputs of the European Semester (institutional ownership) with little political disagreement (political ownership). While national parliaments display low levels of all types of ownership, employers and unions exhibit relatively strong cognitive ownership. We conclude that the European Semester remains a bureaucratic process contributing to building a multi‐level administrative space rather than an arena for political debates.