EU Financial Affairs Sub-Committee

Completing Europe's Economic and Monetary Union inquiry

Inquiry status: concluded

Report published on 12 May 2016.  Government response received, awaiting debate.

Report published

The Report finds that the path towards economic, financial and fiscal integration raises questions about the eurozone’s ability to protect against financial and fiscal instabilities. A balance between risk reduction and risk-sharing is vital to completing Economic and Monetary Union (EMU) and will require appropriate democratic accountability structures. Sufficient political will exists for the euro to "muddle through" but the 2025 target to complete EMU is ambitious.

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