After the Greek deal: Why it is urgent to complete EMU

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Series Details 22.07.15
Publication Date 22/07/2015
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Following what seems to be the end of hostile negotiations in July 2015, the three presidents of Notre Europe, Jacques Delors, Pascal Lamy, António Vitorino, and Henrik Enderlein and Gerhard Cromme, analyse the dangers and opportunities resulting from the agreement for a strengthening of the EMU.

They identify notably the risks of complacency, the start of a blaming game, and of 'fiddling about' in the absence of a long-term strategy and a political vision of the EMU.

However, this agreement could also prove to be a basis for intelligent reforms that push to revisit European fiscal policy, and to reinforce investment and integration.

The authors calls for greater Franco-German cooperation in order to finally realize the historic goal of completing the EMU.

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Related Links
ESO: Background information: The Greek debt crisis: Key sources
ESO: Background information: Extraordinary Eurogroup meeting, 11-12 July 2015 / Euro Summit, Brussels, 12-13 July 2015 / European Council, Brussels, 12 July 2015

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