Abstract
This paper considerswhat will be required to make Economic and Monetary Union (EMU)sustainablefollowing the successive crises of recent years.It starts by laying out the policy benchmark, namely the successive “President Reports” produced by EU institutions. It then suggeststhreedimensionsof sustainable integrationrelevant to EMU, namely the pursuit of sustainable growth, the need to take into account what we call “varieties of modernization”and the‘ownership’of democratically sustainable reforms. It then evaluates therecasting of EMU governance against the benchmark of sustainable integration.
| Original language | English |
|---|---|
| Title of host publication | Governance of the European Monetary Union |
| Editors | Erik Jones, Francisco Torres |
| Publisher | Routledge |
| Chapter | 7 |
| Pages | 91-104 |
| Number of pages | 14 |
| ISBN (Electronic) | 9781315562117 |
| ISBN (Print) | 9781138673120 |
| Publication status | Published - 2 May 2016 |
| Externally published | Yes |
Keywords
- EMU
- Sustainable integration
- Sustainable growth
- Varieties of modernisation
- Ownership of reforms