LORDS

Consultants and academic give evidence on Economic and Monetary Union

24 November 2015

On Wednesday 25 November the House of Lords EU Financial Affairs Sub-Committee hears evidence from experts in European Economic and Monetary Union.

Witnesses

The evidence session takes place on Wednesday 25 November in Committee Room 4, Palace of Westminster.

At 10.15am:

  • Graham Bishop, independent consultant
  • Dr Dermot Hodson, Reader in Political Economy, Birkbeck, University of London
  • Philippe Legrain, independent writer, commentator, consultant and public speaker

Likely areas of discussion

The Lords EU Financial Affairs Sub-Committee's investigation looks at the proposals originally put forward in the Five Presidents' report into Completing Europe's Economic and Monetary Union. In this general introductory session the Committee hears from experts in that field.

The Committee seeks to examine the necessary recommendations and proposals as euro area Member States prepare to build an economic, financial, fiscal and political union.  The Committee will assess the direct and indirect implications to the UK and take a view on whether the balance between what is required for euro area and non-euro area Member States is fair.

Likely questions

The witnesses are likely to answer questions on the following areas:

  • The overall aims of the Five Presidents' report and its relationship to the prior Four Presidents' report
  • The plans brought forward by the European Commission to improve EMU through "deepening by doing"
  • Improvements to the European Semester and EU economic governance rules
  • The obstacles facing the completion of the Banking Union
  • Future plans for Eurozone fiscal union
  • The role of the European Central Bank
  • The impact of a more deeply integrated Eurozone on non-euro area Member States such as the UK

Further information

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