The Protocol of Frankfurt: a new treaty for the eurozone

This pamphlet presents, for the first time, a treaty of the eurozone. Its purpose is to accelerate progress towards fiscal union. The treaty aims to strengthen economic governance and enhance economic policy among the countries sharing a single currency. The new treaty is designed as a Protocol to the Treaty of Lisbon.

The pamphlet looks first at the present plight of the EU, the inherent weaknesses of EMU and the impact of the euro crisis. It then examines the crisis-management measures and the incomplete proposals of the institutions to strengthen economic governance. After an analysis of the desirable main features of a new eurozone treaty and its constitutional complexities, the pamphlet presents the preamble and 21 articles of the Frankfurt Protocol, with explanations.

• Primary Source

EurActiv, 14.01.16: The Frankfurt Protocol: Calling for a new treaty for the eurozone http://www.euractiv.com/sections/euro-finance/frankfurt-protocol-calling-new-treaty-eurozone-320973

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