Which of the manifold proposals currently being under discussion can be tackled without changing the EU treaties? And which concrete procedures must be applied in order to implement specific reforms?
This paper answers these questions. Our author Federico Fabbrini gives guidance on how to introduce several needed changes to EMU, suggesting that many reforms can be accomplished by ordinary EU legislation, but that improving the EU institutional system ultimately requires changing the EU treaties. In this regard, Brexit may offer a window of opportunity.
Publication: spotlight europe 01/2017: Reforming Economic and Monetary Union: Legislation and Treaty Change
While experts agree that the current system of EMU must be enhanced little attention has been paid to procedural matters.
The spotlight europe No. 2017/01 is part of larger research project between the Bertelsmann Stiftung and the Jacques Delors Institut – Berlin. To find out more about our work on the future of the euro area, please visit our website at http://www.strengthentheeuro.eu/.