The Euro Yearbook 2015 will be presented in Brussels at a Bruegel event on 9 March 2016.
How can Europe make progress with EMU and move towards a Fiscal Union?
Euro Yearbook 2015 is a project of the Spanish Financial Studies Foundation and ICO Foundation. This edition focuses on fiscal union, banking union and Euro Area governance. After the presentation, there will be a debate on the topic of the fiscal union, and the ICO CFO, Fernando Navarrete, will be among the panellists.
Progress with EMU to date has left a bitter-sweet taste. While major advances have certainly been made (strengthening the European Central Bank’s role as a federal institution; achieving a return to growth, albeit muted; implementing a model of European banking supervision; agreeing on a Resolution Mechanism; and, above all, successfully navigating the Greek crisis), we have also seen unmitigated failures, such as persistent concerns over the mutualisation of bank debt, continuous delays with the proposed deposit guarantee scheme, plus endless debates on the merits of a fiscal union.
This event featured a presentation around these issues as well as a panel discussion about the issue of Fiscal Union.
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