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Making Progress in Economic and Monetary Union

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Stagnation Versus Growth in Europe

Abstract

The debate on the future of monetary union is a great opportunity to strengthen the resilience of the European economy and of the European project at large. How we move forward in this new challenge should be guided by a few key principles: the link between short term and long term issues should be strengthened and based on a common vision.

The distinction between measures that require Treaty changes and those that do not should not be an obstacle to ambitious policy goals. Much can be done with the current treaty. Economic union is a multidimensional project: strengthening monetary and financial integration should go hand in hand with measures to boost growth and jobs. Strengthening EMU should be an opportunity to strengthen the relationship between EMU and non EMU member states, with reciprocal benefits for all of us and Europe as a whole.

Speech delivered at University of Luxembourg on October 6, 2015.

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Correspondence to Pier Carlo Padoan .

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Padoan, P.C. (2016). Making Progress in Economic and Monetary Union. In: Paganetto, L. (eds) Stagnation Versus Growth in Europe. Springer, Cham. https://doi.org/10.1007/978-3-319-26952-8_1

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