In this TEPSA Explainer, Michele Chang (Professor at the College of Europe and member of the TEPSA Board) discusses the future of the Economic and Monetary Union. She argues that although there is widespread agreement that the Euro area requires additional reforms, there are strong differences on sequencing of those reforms (specifically, if they should be targeted towards risk reduction or towards risk sharing).
Co-funded by the European for Citizens programme of the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the granting authority can be held responsible for them.