Alcidi, C., Giovannini, A. & Piedrafita, S. (2014) “Enhancing the Legitimacy of EMU Governance“, Economic Policy, Politics and Institutions, Centre for European Policy Studies (CEPS) Special Reports, 18 Δεκεμβρίου.
This CEPS Special Report investigates ways to enhance the legitimacy of economic governance in the Economic and Monetary Union (EMU) without introducing Treaty changes. It suggests changes in the governance framework at both the institutional and economic level. Input-oriented legitimacy can be improved by increasing parliamentary oversight on decisions related to EMU and increasing the accountability of the Eurogroup. Output-oriented legitimacy can be improved by strengthening the ability of EMU to reduce the emergence of negative externalities and to mitigate their impact, through market and fiscal risk-sharing mechanisms.
Cinzia Alcidi is Head of the Economic Policy unit, Alessandro Giovannini is Associate Researcher and Sonia Piedrafita is Research Fellow in the Politics and Institutions unit at CEPS.
Σχετικές αναρτήσεις:
- Dullien, S. (2014) “Why A European Unemployment Insurance Would Help To Make EMU More Sustainable“, Social Europe Journal, 03 Οκτωβρίου.
- Hacker, B. (2013) “Why The ‘Genuine EMU’ Will Not Be a Fiscal Union“, Social Europe Journal, 02 January.
- Fernandes, S. & Maslauskaite, K. (2013) “Deepening the EMU: How to maintain and develop the European social model?“, Notre Europe – Jacques Delors Institute, Studies and Reports 101, Νοέμβριος.