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The Debate on Reform Options

In: Monetary Integration in Europe

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  • Horst Tomann

    (Freie Universitaet (FU) Berlin)

Abstract

The financial crisis not only challenged European economic policies but also revealed deficiencies in the institutional design of the European Union. Recognizing these shortcomings, the President of the European Commission, Jean-Claude Juncker, presented a report on the completion of Europe’s economic and monetary union (‘Five Presidents’ Report’, 2015). This report proposes new initiatives, particularly towards a fiscal union and a political union. Chapter 12 analyses whether these proposals are adequate to tackle institutional deficiencies and respond to future crises. In particular, it takes up two suggestions and discusses concrete concepts of implementing them, a European unemployment insurance and a European treasury.

Suggested Citation

  • Horst Tomann, 2017. "The Debate on Reform Options," Studies in Economic Transition, in: Monetary Integration in Europe, edition 2, chapter 12, pages 213-230, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-319-59247-3_12
    DOI: 10.1007/978-3-319-59247-3_12
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