News & Comments

We welcome short entries about relevant European or national developments for this News and Comments section. You are invited to use the contact form for this or to directly contact Thomas Beukers ( or Viorica Vita (

17 June: ECOFIN endorses draft recommendation on the establishment of national productivity boards within the euro area

June 17, 2016

The ECOFIN Council of 17 June endorsed the draft recommendation on the establishment of national productivity boards within the euro area. The draft recommendation will now be submitted to the European Council for its June meeting, and subsequently referred for adoption by the Council. Check the main results of this ECOFIN meeting here.

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31 May: Commission publishes reflection paper on the future of EMU

May 31, 2017

Read the reflection paper proposing options for future development here.

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Further development of the EMU: should legitimacy come first or last? – by Päivi Leino-Sandberg

November 2, 2015

Païvi Leino-Sandberg is Adjunct Professor of EU Law, Academy of Finland Research Fellow, University of Helsinki and co-author of the Report on Finland available on this website. (This comment first appeared on the EU Law Analysis Blog: The June 2012 the President of the European Council presented a report to the European Council setting out […]

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18 December 2015: European Council discusses EMU

December 18, 2015

In their meeting of 17/18 December 2015 the Heads of State and Government of the European Union discussed the migration crisis, the fight against terrorism, the British reform demands, the completion of the single market, and the Five Presidents' Report. On EMU, they concluded: "14. Further to the Five Presidents' report on completing the Economic […]

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21 October 2015: Commission presents concrete steps for EMU short term development

October 21, 2015

In a follow up to the Five President's Report of June 2015, the European Commission has today presented several new initiatives for the short term development of EMU, regarding such issues as external representation of the euro area at the IMF, a further streamlining of the European Semester, and improvement of the tools of economic […]

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15 October 2015: No progress on future of EMU at European Council

October 18, 2015

The relevant section of the European Council Conclusions states: "6. The European Council took stock of the discussions on the Presidents' report on completing Europe's Economic and Monetary Union. The European Council reiterates that the process of completing the Economic and Monetary Union must be taken forward in full respect of the single market and […]

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Five President’s Report Sets the Roadmap for Completing Europe’s Economic and Monetary Union

June 24, 2015

  On 22 June 2015, the Five Presidents Report – European Commission President (Jean-Claude Juncker), in close cooperation with the President of the Euro Summit (Donald Tusk), the President of the Eurogroup (Jeroen Dijsselbloem), the President of the European Central Bank (Mario Draghi) and the President of the European Parliament (Martin Schulz) have revealed the […]

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The Frankfurt Protocol: Andrew Duff’s call for a new eurozone treaty

January 15, 2016

Former MEP Andrew Duff, proposes a radical change of EMU through a so-called Frankfurt Protocol, in the form of amendment of the current Treaties. Among the various proposals in the Protocol of Frankfurt are: a concentration of executive power in the European Commission, the formulation and implementation of a common economic policy, a Commission representation […]

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The Proposal on Unified Eurozone External Representation is no Panacea – by Chris Koedooder (UvA)

May 29, 2016

Chris Koedooder is a PhD Researcher at the Amsterdam Centre for European Law and Governance (ACELG), University of Amsterdam.   Late last year, the European Commission finally unveiled its proposal for a Council decision on unified representation of the Eurozone in the IMF. The proposal had been a long time in the making. It followed […]

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30 May: EP discusses report on budgetary capacity for the eurozone

May 31, 2016

On Monday 30 May a joint meeting of the Committee on Economic and Monetary Affairs Committee (ECON) and the Committee on Budgets (BUDG) of the European Parliament discussed a draft report by Rapporteurs Berès and Böge that identifies three functions for a fiscal capacity: convergence, absorption of asymmetrical and of symmetrical shocks. The rapporteurs identify […]

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