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Humboldt-Universität zu Berlin - Prof Dr. Matthias Ruffert

Proposals for the Future of the EMU

There are many different proposals regarding the future of the European Economic and Monetary Union. To foster a discussion of those concepts, we provide an overview of existing proposals.

"Sorbonne speech"

Autor: Emmanuel Macron, 26.09.2017

In his speech Emmanuel Macron lays out his plan for the future of the European, providing an ambitious and detailed reform agenda. He calls for greater harmonization in key policy areas and raises the prospect that the UK could rejoin a reformed bloc.

"Revue de l'euro"

Author: RESuME project, 11.07.2017

In celebration for the 60th anniversary of the signing of the Rome Treaties, the 25th anniversary of the signing of the Maastricht Treaty and 30 years since the launch of the ECU/EURO journal, the "Revue de l'euro" tries to provide a journal dedicated specifally with the EMU.

The journal publishes papers in French and English in a peer-review process on a half-year basis.

The journal and all its content is free available at https://resume.uni.lu/publications/revue-ecu-euro


"Reflection paper on the deepening of the economic and monetary union"

Author: Europäische Kommission, 31.05.2017

The options proposed in the reflection paper are intended to help build a broad consensus on how to take on the challenges ahead and to give a fresh impetus to this important debate.

Moving ahead would involve taking steps in three key areas:

  • Completing a genuine Financial Union
  • Achieving a more integrated Economic and Fiscal Union
  • Anchoring democratic accountability and strengthening euro area institutions

"Draft Treaty on the Democratization of the Governance of the Euro Area («T-DEM»)"

Author: Benoît Hamon, Thomas Piketty, 10.03.2017

"The Five Presidents Report: Completing Europe's Economic and Monetary Union"

Author: Jean-Claude Juncker, Donald Tusk, Jeroen Dijsselbloem, Mario Draghi and Martin Schulz, 22.06.2015

  1. The Nature of a Deep, Genuine and Fair Economic and Monetary Union
  2. Towards Economic Union - Convergence, Proserity and Social Cohesion
  3. Towards Financial Union - Integrated Finance for an integrated Economy

  4. Towards Fiscal Union - an Integrated Framework for Sound Integrated Fiscal Policies

  5. Democratic Accountability, Legitimacy and Institutional Strengthening


Screenshot 2017 9 17 Glienicker Gruppe Armin von Bogdandy, Christian Calliess, Henrik Enderlein, Marcel Fratzscher, Clemens[...]

"Towards a Euro Union"

Author: Glienicker Gruppe, 17.10.2013

With this article, published on 2013, October 17th, by DIE ZEIT, eleven German economists, lawyers and political scientists call for a structural solution of the Euro crisis and deeper integration in the European Union.