|Author (Corporate)||European Parliament: European Parliamentary Research Service|
|Series Title||What Think Tanks Are Thinking|
|Content Type||Journal | Series | Blog|
EU Member states using the euro and the EU institutions are engaged in reforms of the euro area’s system of governance to improve its economic performance and avoid any repeat of the sovereign debt crisis and severe recession that followed the 2008-09 global financial crisis. Reforms have so far included the creation of authorities to better supervise the financial markets, improved mechanisms to coordinate fiscal policies, and new procedures to correct economic imbalances, and launched a Banking Union.
The discussion builds on the ‘Five Presidents’ report’, entitled ‘Completing Europe’s Economic and Monetary Union’, which was a set of proposals presented in June 2015 by European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi, European Council President Donald Tusk, European Parliament President Martin Schulz, and Jeroen Dijsselbloem, the Eurogroup President.
Among other measures, the report calls for the creation of national competitiveness boards and an independent European Fiscal Board, improving the European Semester and completing the Banking Union. It mentions the possibility of setting up a euro-area treasury in a more distant future.
This EPRS guide offers links to commentaries, studies and reports on the topic from major international think tanks and research institutes published since the release of the Five Presidents’ report.
Compiled by Marcin Grajewski.
|Subject Categories||Economic and Financial Affairs|
|Countries / Regions||Europe|