The proposed reform treaty, aimed at enhancing the efficiency and democratic legitimacy of the enlarged Union as well as its position on the global stage, has a number of important implications for monetary policy and the status of the European Central Bank. Can the reforms be expected to make euro area governance more efficient? Could they potentially jeopardise the ECB's independence and European monetary policy?
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Member of the Panel of Experts of the Committee on Economic and Monetary Affairs of the European Parliament, to which the article was first presented as a Briefing Paper for the Monetary Dialogue with the President of the European Central Bank in October 2007. The author gratefully acknowledges the helpful comments of Edin Mujagic and the excellent research assistance of Rob Nijskens.
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Eijffinger, S.C.W. Treaty Reform: Consequences for Monetary Policy. Intereconomics 42, 311–316 (2007). https://doi.org/10.1007/s10272-007-0232-9
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DOI: https://doi.org/10.1007/s10272-007-0232-9