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Enhancing the Legitimacy of EMU Governance. CEPS Special Report No. 98/December 2014

Alcidi, Cinzia. and Giovannini, Alessandro and Piedrafita, Sonia (2014) Enhancing the Legitimacy of EMU Governance. CEPS Special Report No. 98/December 2014. UNSPECIFIED.

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    Abstract

    This CEPS Special Report investigates ways to enhance the legitimacy of economic governance in the Economic and Monetary Union (EMU) without introducing Treaty changes. It suggests changes in the governance framework at both the institutional and economic level. Input-oriented legitimacy can be improved by increasing parliamentary oversight on decisions related to EMU and increasing the accountability of the Eurogroup. Output-oriented legitimacy can be improved by strengthening the ability of EMU to reduce the emergence of negative externalities and to mitigate their impact, through market and fiscal risk-sharing mechanisms.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > EU institutions & developments > institutional development/policy > decision making/policy-making
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Special Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Dec 2014 11:38
    Number of Pages: 93
    Last Modified: 23 Dec 2014 11:38
    URI: http://aei.pitt.edu/id/eprint/58715

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