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Expert analysts give evidence to Lords Committee exploring economic and monetary union within the EU

Tomorrow, Wednesday 3 February, the House of Lords EU Committee will take evidence from David Marsh, Managing Director at OMFIF (Official Monetary and Financial Institutions Forum), Professor Lucia Quaglia, Professor of Political Science at the University of York, and Dr Andrew Lilico, Executive Director and Principal of Europe Economics.

The House of Lords EU Financial Affairs Sub-Committee is currently holding an inquiry into EMU, as outlined in the Five Presidents' Report and the recent European Commission Communication.

Questions which the Committee will put to the witnesses could include:

  • What is your assessment of the Five Presidents' Report and the actions introduced in the short term by the European Commission on 21 October?
  • What are the most important priorities for the next phase of the process?
  • What impacts would greater political integration within the Eurozone have on non-euro area Member States, particularly the UK?
  • Is there merit in formalising the Eurogroup, or creating a ‘Euro' Council, treasury or finance minister?
  • Would closer cooperation between euro area Member States affect the UK's influence in the IMF?
  • What are the consequences of not completing the Banking Union in the short and medium term?
  • What can the eurozone and wider EU learn from the US where capital markets play a greater role in the allocation of capital?
The evidence session will start at 10:15am on Wednesday 3 February. It will be in Committee Room 4 of the House of Lords.

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