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Towards a genuine Economic and Monetary Union Jean-Pierre VIDAL Cabinet of the President of the European Council European Economic and Social Committees Post- Summit debate on the future of EMU - 15 July 2013 - To complete the banking

  1. Towards a genuine Economic and Monetary Union Jean-Pierre VIDAL Cabinet of the President of the European Council European Economic and Social Committee’s Post- Summit debate on the future of EMU - 15 July 2013 -

  2. To complete the banking union is the key priority FINANCIAL STABILITY ► NORMAL LENDING ► GROWTH & JOBS � New rules on capital requirements & Single Supervisory Mechanism � Bank Recovery and Resolution & Deposit Guarantee Schemes Directives � Single Resolution Mechanism � Direct bank recapitalisations by European Stability Mechanism

  3. Integrated fiscal framework SOUND PUBLIC FINANCES ► GROWTH & JOBS � 6-Pack; 2-Pack; Treaty on Stability Coordination and Governance � Implementation of the European fiscal framework � Conclusion of the 2013 European Semester -> National Semester

  4. Integrated economic policy framework COMPETITIVENESS ► GROWTH & JOBS � Ex ante coordination of major economic reforms � Social dimension of the EMU � Mutually agreed contracts � Solidarity mechanism

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