From the 5 Presidents' Report to the White Paper Steven Engels - - PowerPoint PPT Presentation

From the 5 Presidents' Report to the White Paper

Steven Engels 03/06/2016

The Roadmap towards completing EMU

Economic Union Financial Union Fiscal Union Democrati c Legitimac y

Boost convergence, jobs and growth Complete banking and capital markets union A new advisory Fiscal Board at EU- level Strengthen accountability Formalise convergence process Set up Euro Area Treasury Ensure macro- economic stabilisation

Stage 1 Stage 2

The Roadmap towards complete EMU

2017

3

The October package on EMU Governance Reform

• Communication on steps to completing EMU
• Commission decision establishing a European Fiscal

Board

• Recommendation for a Council Recommendation to

establish National Competitiveness Boards

• Communication and Proposal for a Council decision
• n progressively establishing unified representation
• f the EA in the IMF

4

Completing the Banking Union

• Commission Communication on further steps

"Towards the completion of the Banking Union"

• Proposal for a Regulation establishing a European

Deposit Insurance Scheme

5

References

• Communication on steps to completing EMU:

http://eur-lex.europa.eu/legal-content/EN/TXT/? qid=1447860914350&uri=CELEX:52015DC0600

• Commission decision establishing a European Fiscal Board:

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX %3A32015D1937

• Recommendation for a Council Recommendation to establish

National Competitiveness Boards: http://www.ipex.eu/IPEXL-WEB/dossier/document/COM2015601FIN.do

• Proposal for a Council decision on progressively establishing unified

representation of the EA in the IMF: http://ec.europa.eu/transparency/regdoc/rep/1/2015/EN/1-2015-603-EN- F1-1.PDF

• Commission Communication on further steps "Towards the

completion of the Banking Union": http://data.consilium.europa.eu/doc/document/ST-14650-2015-INIT/en/pdf

• Proposal for a Regulation establishing a European Deposit Insurance