EMI Background Briefing on the EMU
At the European Council on 25-26 June, the Four Presidents’ Report on the Economic and Monetary Union (EMU) will be presented to EU leaders. The report, drafted by the Presidents of the European Commission, European Council, European Central Bank and the Eurogroup, will present the next steps on better economic governance in the euro area. In anticipation of this report, this EMI Background Briefing provides background on the EMU and information on the preparation of the report. The briefing discusses the effect of the crisis on the EMU, the measures already taken to stabilise it, further reform plans to strengthen the EMU and what could be included in the Four Presidents’ Report.