Unfinished business: the governance of the Economic and Monetary Union. Compendium of EPC publications on the future of the Euro

Zuleeg, Fabian (2015) Unfinished business: the governance of the Economic and Monetary Union. Compendium of EPC publications on the future of the Euro. UNSPECIFIED.

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Abstract

Europe is once again engulfed in crisis. The sheer scale of refugees coming daily is not only a major challenge for the transit and destination countries, it is also exposing distrust between member states (and vis-à-vis the EU institutions). It has also shown that there is an unwillingness to cooperate and compromise within the EU system, in part a collateral damage of the eurocrisis. With a continuing sluggish economy and high unemployment, external challenges such as the conflict in Ukraine and internal ones like the referendum on EU membership in the UK, the EMU crisis looks less urgent at this point, with an agreement with Greece preventing the disastrous consequences of a Grexit, at least for now.

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