What kind of Monetary Union does Europe need?

Date

12 Nov 2015

Address

Rue D'Idalie 35

1000 Brussels

Belgium

Event Type

M - Seminar, presentation

Organiser type

EU Institutions

Section

EU Priorities 2020

Euro & Finance

Event Location

Brussels

Event Description

The European Movement International is holding a stakeholders’ debate following the Inter-parliamentary Conference on Stability, Economic Coordination and Governance in the European Union and the most recent developments in the field. The event will focus on the two major themes:

Political, Economic & Social Dimension of the EMU

exploring the institutional perspective – where the Council, European Parliament and Commission stand on EMU proposals on the table;

Building the Foundations for the Future of the EMU

bringing together experts who can offer a vision – beyond politics and institutional agenda-setting – on how the EMU should work going forward.

FULL AGENDA [1]

Background

The European Movement International has been closely monitoring the deepening and strengthening of the Economic and Monetary Union, and promoting the development of the EU’s own resources.

We welcomed the reform proposals to complete the Economic and Monetary Union, as laid out in the “Five Presidents Report”.

However, while the report did present a wide range of reform measures, the European Movement notes the lack of concrete plans for risk-sharing or a fiscal capacity based on own resources. The current economic recession has made it clear that we cannot have a strong single currency without a political union, including a common economic policy and increased budgetary and fiscal coordination, which will foster economic convergence among Member States.

To read the full European Movement International Policy Position click here [3].

FURTHER READING

European Movement Background Briefing on the EMU [4]
The Five Presidents Report [5]
European Parliament Report [6] on “the review of the economic governance framework: stocktaking and challenges”, Rapporteur: Pervenche Berès MEP
Bruegel Policy Brief [7]– “Euro-area governance: what to reform and how to do it” by André Sapir and Guntram B.Wolff
EPC Publication [8] – “Can the eurozone’s economic governance combine political accountability, legitimacy and effectiveness?” by Fabian Zuleeg
Centre for European Reform [9]’s Assessment of “The eurozone’s ‘five presidents’ report” by Christian Odendahl

Find out more about this event. [10]