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Reflection paper on the deepening of the economic and monetary union

Dombrovskis, Valdis, Moscovici, Pierre, (2017), “Reflection paper on the deepening of the economic and monetary union “, European Commission, 31 Μαΐου

The functioning and future of the Economic and Monetary Union (EMU) is a matter of interest for all European citizens from whichever Member State they come from, including those who will join the euro area in the future. After the departure of the United Kingdom from the EU, the economies of euro area countries will represent 85% of the total GDP of the EU. This highlights the euro’s central role in the future EU at 27. Given its importance for the world, it is just as important to international partners and investors.

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