Under which conditions does the open method of co-ordination match the standards for demoi-cracy? To answer this question, we need some explicit standards about demoi-cracy. In fact, open co-ordination serves three different but interrelated purposes in European Union policy: to facilitate convergence; to support learning processes; and to encourage exploration of policy innovation. By intersecting standards and purposes, we find open co-ordination is neither inherently ‘good’ nor ‘bad’ for demoi-cracy, as it depends on how it has been put into practice. Therefore, we qualify the answer considering the empirical evidence on how normative principles hit the road of implementation. In the final part of this paper, we look into the demoi-cratic effects of the Eurozone's economic and financial crisis on our findings.