Jacques Delors Institut - Berlin, Bertelsmann Stiftung (ed.)
spotlight europe 01/2017: Reforming Economic and Monetary Union: Legislation and Treaty Change
1. edition 2017, 10 pp (PDF)
Free of charge
Which of the manifold proposals currently being under discussion can be tackled without changing the EU treaties? And which concrete procedures must be applied in order to implement specific reforms?
This paper answers these questions. Our author Federico Fabbrini gives guidance on how to introduce several needed changes to EMU, suggesting that many reforms can be accomplished by ordinary EU legislation, but that improving the EU institutional system ultimately requires changing the EU treaties. In this regard, Brexit may offer a window of opportunity.