The Five Presidents’ Report: Completing Europe’s Economic and Monetary Union

Summary:

Report by the President of the European Commission Jean-Claude Juncker - in close cooperation with the heads of the European Council, Eurogroup, European Central Bank (ECB) and European Parliament - published in June 2015 to set out a plan on deepening the Economic and Monetary Union (EMU) and how to complete it by 2025.

Further information:

This Report builds on the so-called Four Presidents' Report and on the European Commission's Blueprint for a Deep and Genuine EMU. It sets out three stages through which the EMU should be strengthened in the forthcoming years. It focuses on the Euro Area, as countries that share a currency face specific common challenges, interests and responsibilities. The process towards a deeper EMU is nonetheless deemed open to all Members States. It reflects the personal deliberations and discussions between the five Presidents.

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Official

European Council: Press Release, 22/06/2015: 'Completing Europe's Economic and Monetary Union': President Donald Tusk on the publication of the 5 Presidents' report http://www.consilium.europa.eu/en/press/press-releases/2015/06/22-tusk-5-presidents-report-economic-monetary-union/

European Central Bank: Press Release, 22/06/2015: Roadmap for the future of the Economic and Monetary Union https://www.ecb.europa.eu/press/pr/date/2015/html/pr150622_3.en.html

European Commission: Press Release, 22/06/2015: Five Presidents' Report sets out plan for strengthening Europe's Economic and Monetary Union as of 1 July 2015 https://ec.europa.eu/commission/presscorner/detail/en/IP_15_5240

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News

EurActiv, 18/06/2015: Eurozone integration plans delayed by Grexit and Brexit threats http://www.euractiv.com/sections/euro-finance/eurozone-integration-plans-delayed-grexit-and-brexit-threats-315529

EUObserver, 22/06/2015: Eurozone should have own treasury by 2025 https://euobserver.com/economic/129218

EurActiv, 22/06/2015: EU's 'Five Presidents' lay out eurozone vision, with timetable http://www.euractiv.com/sections/euro-finance/eus-five-presidents-lay-out-eurozone-vision-timetable-315589

Politico, 22/06/2015: Five horsemen of the euro’s future http://www.politico.eu/article/finance-horsemen-euros-future/

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Commentary and Analysis

IIEA: IIEA Economic Governance Group Submission on Analytical Note 'Preparing for Next Steps on Better Economic Governance in the Euro Area' (March 2015 - via EESC) https://www.eesc.europa.eu/sites/default/files/resources/docs/iiea-submission-on-analytical-note-preparing-for-next-steps-on-better-economic-governance-in-the-euro-area-1.pdf

Centre for European Reform: Insghts, 22/06/2015: The eurozone's 'five presidents' report': An assessment http://www.cer.org.uk/insights/eurozones-five-presidents-report-assesment

LSE: EUROPP Blog, 23/06/2015: What does the Five Presidents’ report mean for the future of the euro? https://blogs.lse.ac.uk/europpblog/2015/06/23/what-does-the-five-presidents-report-mean-for-the-future-of-the-euro/

EurActiv, 25/06/2015: The eurozone’s Five Presidents' report, and what it means for Britain http://www.euractiv.com/section/uk-europe/opinion/the-eurozone-s-five-presidents-report-and-what-it-means-for-britain/

Bruegel: Blog, 25/06/2015: Euro area governance: an assessment of the 'five presidents' report http://www.bruegel.org/nc/blog/detail/article/1656-euro-area-governance-an-assessment-of-the-five-presidents-report/

EU Law Analysis, 26/06/2015: The Five Presidents’ Report on Completing the EMU: A Glimpse at the Future of Europe http://eulawanalysis.blogspot.co.uk/2015/06/the-five-presidents-report-on.html

Bertelsmann Foundation: Flashing Europe No 6, June 2015: Waiting for the Five Presidents’ Report on the Future of the Monetary Union: What do we need to know? http://aei.pitt.edu/67305/

IAI: Documenti IAI, July 2015: The Report of the Five Presidents: A Missed Opportunity https://www.iai.it/en/pubblicazioni/report-five-presidents-missed-opportunity

UK House of Lords: 13th Report of Session 2015-16: HL Paper 143, May 2016: 'Whatever it takes': the Five Presidents' Report on completing Economic and Monetary Union https://publications.parliament.uk/pa/ld201516/ldselect/ldeucom/143/14302.htm

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