& Events

After the Greek deal: why it is urgent to complete EMU

Aug 20, 2015 | News

(20 August 2015) – Following what seems to be the end of hostile negotiations, the three presidents of the Jacques Delors Institute- Jacques Delors, Pascal Lamy, António Vitorino – and Henrik Enderlein and Gerhard Cromme, analyse the dangers and opportunities resulting from the agreement for a strengthening of the Economic and Monetary Union (EMU).

They identify notably the risks of complacency, the start of a blaming game, and of “fiddling about” in the absence of a long-term strategy and a political vision of the EMU.

However, this agreement could also prove to be a basis for intelligent reforms that push to revisit European fiscal policy, and to reinforce investment and integration.

The authors calls for greater Franco-German cooperation in order to finally realize the historic goal of completing the EMU.

More information