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Completing EMU

Buti, Marco, Deroose, Servaas, Leandro, José, Giudice, Gabriele, (2017),  “Completing EMU”, VoxEU, 13 Ιουλίου

Despite much being done to strengthen the Economic and Monetary Union, it remains incomplete and this is one of the main reasons for the Eurozone’s lacklustre economic performance in the recent years. While there are still diverging views on how to “cross the river”, there is also a political and economic window of opportunity to complete the EMU architecture. This column discusses the ideas presented in a new European Commission Reflection Paper aimed at relaunching the debate on how to move forward, with a focus on bridging the differences between the member states that stress responsibility and risk reduction and those calling for solidarity and risk sharing.

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