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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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  • Eloi Laurent

    (Observatoire français des conjonctures économiques)

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.

Suggested Citation

  • Eloi Laurent, 2007. "If it’s Broken, Don’t Fix it:The Government of the Euro area in the EU “Reform Treaty”," Sciences Po publications N°2007-32, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/2201
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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:2441/2082 is not listed on IDEAS
    3. repec:hal:spmain:info:hdl:2441/eu4vqp9ompqllr09h95ai71so is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/3485 is not listed on IDEAS
    5. repec:hal:wpspec:info:hdl:2441/2139 is not listed on IDEAS
    6. repec:hal:spmain:info:hdl:2441/2139 is not listed on IDEAS
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