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Deepening the Economic and Monetary Union: What the Commission missed in its reflection paper

Marelli, Enrico, Signorelli, Marcello, (2017), «Deepening the Economic and Monetary Union: What the Commission missed in its reflection paper», LSE EUROPP, 20 Ιουνίου

The European Commission’s recent reflection paper on deepening economic and monetary union raises several key questions about the past and future of the Eurozone. The paper certainly represents a positive contribution to the ongoing process of European integration, after the impasse caused by the deep and prolonged economic crisis, the political developments in some European countries (including the Brexit referendum) and the severe social situation (the well-being of many citizens of the Eurozone is lower now than when the euro started). However, some proposals were notably weak and some key issues are still lacking. We think it is more useful to focus on these latter points in responding to the paper.

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