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If it’s Broken, Don’t Fix it: The Government of the Euro area in the EU “Reform Treaty”

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  • Éloi Laurent

Abstract

The government of the Euro area - the institutions, objectives and instruments of the regional area pooling together the monetary sovereignty of the 13 EU member states that share the euro - was obviously the blind spot in the otherwise animated negotiations of the sessions of the European Convention, and then of the Intergovernmental Conference in 2004. What seemed then a missed opportunity now looks like a major collective failure. This paper examines the reforms of the "economic governance" of the euro area proposed by the "Treaty amending the Treaty on European Union and the Treaty establishing the European Community" (also called the "Reform Treaty") and concludes that they do not match the challenges faced collectively by the euro area economies.
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  • Éloi Laurent, 2007. "If it’s Broken, Don’t Fix it: The Government of the Euro area in the EU “Reform Treaty”," Documents de Travail de l'OFCE 2007-32, Observatoire Francais des Conjonctures Economiques (OFCE).
    • Handle: RePEc:fce:doctra:0732
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    File URL: http://www.ofce.sciences-po.fr/pdf/dtravail/WP2007-32.pdf
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    References listed on IDEAS

    as
    1. Jérôme Creel & Éloi Laurent & Jacques Le Cacheux, 2007. "Politiques et performances macroéconomiques de la zone euro. Institutions, incitations, stratégies," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 249-281.
    2. repec:hal:spmain:info:hdl:2441/3485 is not listed on IDEAS
    3. repec:hal:wpspec:info:hdl:2441/2139 is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/2139 is not listed on IDEAS
    5. repec:hal:spmain:info:hdl:2441/2082 is not listed on IDEAS
    6. repec:hal:spmain:info:hdl:2441/eu4vqp9ompqllr09h95ai71so is not listed on IDEAS
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