A blueprint for a deep and genuine economic and monetary union

This event was a presentation and discussion of the recent European Commission communication, A blueprint for a deep and genuine economic and monetary union. The presentation by Marco Buti was followed by comments by Guntram Wolff and an open discussion chaired by André Sapir.

Since the start of the euro crisis, the EU has put in place measures for closer economic and monetary ties between its member countries. Closer coordination makes it easier for governments to align their responses with the EU’s main economic challenges, as well as supporting efforts to boost growth and jobs.

These efforts include the package of 6 EU regulations to improve monitoring and control of member countries' budgets and public debt. Other measures seek to increase monitoring of eurozone countries with excessive budget deficits.

In October 2012, EU leaders agreed to build on this work and called for proposals for creating a banking union, fiscal union, economic union and political union. The Commission has now come up with a detailed plan that sets out the steps to achieve these goals.

Please note that this event was off the record

Speakers

• Marco Buti, Director-General for Economic and Financial Affairs, European Commission
• Discussant - Guntram Wolff, Deputy Director of Bruegel
• Chair - André Sapir, Senior Fellow at Bruegel and Professor at ULB

Event materials

• Marco Buti's presentation here

Practical details

• Venue: Bruegel, Rue de la Charité 33, 1210 Bruxelles
• Time: 5 December 2012, 11:00 - 12:30
• Contact: matilda.sevon[at]bruegel.org