From the 5 Presidents' Report to the White Paper Steven Engels - PowerPoint PPT Presentation

From the 5 Presidents' Report to the White Paper Steven Engels 03/06/2016

The Roadmap towards complete EMU The Roadmap towards completing EMU 2017 Stage 1 Stage 2 Boost Formalise Economic Union convergence, jobs convergence and growth process Complete banking Financial Union and capital markets union A new advisory Ensure macro- Fiscal Fiscal Board at EU- economic Union level stabilisation Strengthen Set up Euro Area Democrati c accountability Treasury Legitimac y

The October package on EMU Governance Reform • Communication on steps to completing EMU • Commission decision establishing a European Fiscal Board • Recommendation for a Council Recommendation to establish National Competitiveness Boards • Communication and Proposal for a Council decision on progressively establishing unified representation of the EA in the IMF 3

Completing the Banking Union • Commission Communication on further steps "Towards the completion of the Banking Union" • Proposal for a Regulation establishing a European Deposit Insurance Scheme 4

References • Communication on steps to completing EMU: http://eur-lex.europa.eu/legal-content/EN/TXT/? qid=1447860914350&uri=CELEX:52015DC0600 • Commission decision establishing a European Fiscal Board: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX %3A32015D1937 • Recommendation for a Council Recommendation to establish National Competitiveness Boards: http://www.ipex.eu/IPEXL-WEB/dossier/document/COM2015601FIN.do • Proposal for a Council decision on progressively establishing unified representation of the EA in the IMF: http://ec.europa.eu/transparency/regdoc/rep/1/2015/EN/1-2015-603-EN- F1-1.PDF • Commission Communication on further steps "Towards the completion of the Banking Union": 5 http://data.consilium.europa.eu/doc/document/ST-14650-2015-INIT/en/pdf • Proposal for a Regulation establishing a European Deposit Insurance