Reassessing the fiscal and monetary framework of EMU in 2018
The State of the Union Conference, 2018, Parallel session I
BEUKERS, Thomas, COOLEY, Thomas, CORSETTI, Giancarlo, MARIMON, Ramon, Reassessing the fiscal and monetary framework of EMU in 2018, The State of the Union Conference, 2018, Parallel session I - https://hdl.handle.net/1814/67332
Retrieved from Cadmus, EUI Research Repository
In 2012, in the middle of the euro crisis, the Four Presidents’ Report outlined a roadmap for the development of the EMU. Since then, Europe has changed. The leading role of the European Central Bank, the creation of the European Stability Mechanism, the development of the European Banking Union, and the 2015 Five Presidents’ Report calling for a further development of the Financial Union and the Fiscal Union, can all be seen as signs of Europe’s capacity to follow a roadmap and grow out of its crises. Yet, the scars of the euro crisis in ‘peripheral countries’, the migration crisis and Brexit have called this roadmap into question, as the European Commission reflected in its 2017 White Paper on the future of Europe. In this session, members of the Steering and Advisory Committees of the three-year, eight-partner Horizon 2020 ADEMU Project will present their findings on the sustainability of the EMU, resilience to economic shocks and the interdependence of the euro area.
This contribution was delivered on the occasion of the EUI State of the Union in Florence on 10 May 2018
Cadmus permanent link: https://hdl.handle.net/1814/67332
Series/Number: The State of the Union Conference; 2018; Parallel session I
Publisher: European University Institute
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