Economic and Monetary Union
Economic and Monetary Union latest publications
The main sources of uncertainty that have hung over Europe in recent times, such as Brexit or the wave of populism and anti-European parties, are starting to disappear, or at least have moderated. Moreover, the economic outlook has improved and we are seeing an acceleration of the economy.
On 21 Oct the Commission issued a Communication featuring initial measures from the Five Presidents Report. The agreed package will be completed with a legislative proposal for the European Deposit Insurance Scheme before end 2015. This is significant because it sends out a political message ratifying what was agreed in Jun…
In this working paper we explain the process of the construction of banking union, the most ambitious European project since the single currency. The project was launched in 2012 to send the markets a strong signal of unity in response to financial fragmentation and the risk of the break-up of the euro.