(06 December 2017) – The European Commission is setting out today a Roadmap for deepening the Economic and Monetary Union, including concrete steps to be taken over the next 18 months.
A number of initiatives are also presented as part of this package. The overall aim is to enhance the unity, efficiency and democratic accountability of Europe’s Economic and Monetary Union by 2025.
In addition to the Roadmap, today’s package includes four main initiatives:
1. A proposal to establish a European Monetary Fund (EMF).
2. A proposal to integrate the substance of the Treaty on Stability, Coordination and Governance into the Union legal framework.
3. A Communication on new budgetary instruments for a stable euro area within the Union framework.
4. A Communication spelling out the possible functions of a European Minister of Economy and Finance who could serve as Vice-President of the Commission and chair the Eurogroup.