Author (Person) | Pelkmans, Jacques |
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Publisher | College of Europe |
Series Title | Bruges European Economic Policy Briefings |
Series Details | No.34, July 2014 |
Publication Date | 2014 |
Content Type | Journal | Series | Blog |
The initial ‘framing’ (in the summer of 2012) of the ‘genuine EMU’ for the wider public suggested to design an entire series of ‘unions’. So many ‘unions’ are neither necessary nor desirable – only some are and their design matters. The paper critically discusses first the negative fall-out of the crisis for EMU, and subsequently assesses the fiscal and the banking unions as accomplished so far, without going into highly specific technical details. The assessment is moderately positive, although there is ample scope for further improvement and a risk for short-term turbulence once the ECB has finished its tests and reviews. |
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Source Link | https://www.coleurope.eu/website/study/european-economic-studies/research-activities/bruges-european-economic-policy |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |