The Future of Economic & Monetary Union – law and policy issues of EMU reform

In May 2017, the European Commission published a reflection paper on Deepening of the Economic and Monetary Union and other key policy proposals. On 11 and 12 December, the European University Institute hosted a workshop to take stock of how economic and monetary union has evolved since the crisis and to assess the legal issues arising out of policy proposals that arise from the reflection paper. 

As well as the work of economists on the ADEMU project, the workshop entailed a discussion of existing policy and of working papers assessing various policy options.

Organised by Bruno De Witte, Claire Kilpatrick and Giorgio Monti, topics discussed included ‘Democratic, good and transparent governance for the Eurozone’, ‘A Parliamentary assembly for the Eurozone’, ‘Controlling the powers of the new ECB – delegation, discretion, justification and care’,  ‘The FCT as an EU Treaty’, ‘Towards Fiscal Union?’, ‘The ESM as an EMF’, ‘Is a separate Eurozone budget a good idea?’, ‘Evaluating proposals on European sovereign debt instruments and governance’,  ‘EMU as an Economic and Social Union’, ‘EU unemployment insurance’, ‘What next for the Stability and Growth Pact?’,  ‘The European Pillar of Social Rights’, and ‘Financial Union in the EU.’

Speakers were:

Thomas Beukers, Dutch Ministry of Foreign Affairs
Richard Crowe, European Parliament
Bruno De Witte, European University Institute
Diane Fromage, Maastricht University
Christos Gortsos, University of Athens
Herwig Hofmann, Université du Luxembourg
Claire Kilpatrick, European University Institute
Paivi Leino-Sandberg, University of Helsinki
Elisabeth Lentsch, University of Salzburg
Giorgio Monti, European University Institute
Pierre Schlosser, European University Institute