If the common currency and the European Union itself are to survive, radical changes and bold decision making are needed, writes Petros Fassoulas. Petros Fassoulas is Secretary General of European ...

Completing Economic and Monetary Union From europa.eu Ladies and gentlemen, Thank you for inviting me to this conference. The theme to which it is dedicated is especially relevant today, when we have ...

Economic and monetary union: President Donohoe's report to the President of the Euro Summit The President of the Eurogroup, Paschal Donohoe, has sent a letter to the President of the Euro Summit, ...

2. Stage 2 began in 1994. This transitional phase saw member states working to bring about economic convergence in terms of price stability, long term interest rates and exchange rates. It also ...

The crisis has shown that we need to rectify the design flaws in economic and monetary union. The future of the EU is a question that shapes the destiny of each and every one of us.

The changeover to the European currency, currently in preparation, tightens the constraints of their macro-economic management, and monetary policy or currency adjustments can no longer be used to ...

Rehn said, while building "Economic and Monetary Union 2.0," European leaders had agreed to explore the conditions under which it would be rational for European countries to issue debts jointly.

He also pointed out needs to link the development of the fiscal union with the development of the political union, since "a deeper economic and monetary union requires deeper accountability and ...