The System Reform of the Economic and Monetary Union (2010-2022)

Table Of Contents

• Cover
• Title
• Copyright
• About the author
• About the book
• This eBook can be cited
• Contents
• List of important abbreviations
• Introductory remarks
• Chapter I: The euro area debt crisis in 2010–2018. The origin, dynamics and resolution instruments
• 1. The crisis relevance of the shortcomings of EU primary and secondary law
• 2. Direct causes of the crisis
• 3. The anti-crisis activity of the German and French governments as a cause of the deepening of the crisis
• 4. The European Union’s main tools for fighting the crisis
• 4.1. Financial assistance programmes for the indebted economies
• 4.2. Recovery programmes in the Member States experiencing the crisis
• 4.2.1. Greece
• 4.2.2. Ireland
• 4.2.3. Cyprus
• 4.2.4. Spain
• 4.2.5. Portugal
• 4.2.6. Italy
• 4.3. The Eurosystem programmes as tools for boosting economic growth in the euro area
• 5. Taking stock of the implementation of the financial assistance and recovery programmes and of the Eurosystem projects
• 6. The economic consequences of the crisis
• Chapter II: The first stage of the system reform of the Economic and Monetary Union in 2010–2015
• 1. Strengthening economic and budgetary governance in the Economic and Monetary Union (2010–2012/13)
• 1.1. The European Semester
• 1.2. The Euro Plus Pact
• 1.3. New crisis management tools reinforcing the financial stability of the euro area
• 1.4. From the ‘six-pack’ to the ‘two-pack’
• 1.5. New tools for the supervision of financial markets in the European Union
• 1.6. The Fiscal Compact
• 2. Herman Van Rompuy’s report approved on 14 December 2012. The system reforms proposed
• 3. The implementation of the assumptions of Van Rompuy’s report in 2012/13–2015
• 4. The legitimacy of system changes to the Economic and Monetary Union in 2010–2015
• Chapter III: The second stage of the reform of the Economic and Monetary Union in 2015–2022
• 1. The Five Presidents’ Report of 22 June 2015. The system reforms proposed
• 1.1. The Financial Union
• 1.1.1. The Banking Union
• 1.1.2. The Capital Markets Union
• 1.2. The Fiscal Union
• 1.2.1. The system of fiscal councils in the euro area
• 1.2.2. The fiscal stabilisation function
• 1.3. The Economic Union
• 1.3.1. A euro area system of Competitiveness Authorities
• 1.3.2. Improving and strengthening the Macroeconomic Imbalance Procedure
• 1.3.3. Employment and social performance
• 1.3.4. A stronger coordination of economic policies
• 1.4. Legitimacy
• 1.4.1. The European Parliament and the national parliaments
• 1.4.2. The Eurogroup
• 1.4.3. Consolidating the external representation of the euro area
• 1.4.4. Integrating intergovernmental solutions into EU law and the harmonisation of national laws
• 1.4.5. A European Fiscal Board and a euro area treasury
• 2. The implementation of the assumptions of the Five Presidents’ Report in 2015–2017. The European Council decisions and the legislative initiatives by the European Commission
• 3. The implementation of the assumptions of the Five Presidents’ Report in 2017–2022. Divergent views of the European Commission and of the euro area Member States
• 3.1. The initiatives by the European Commission
• 3.1.1. The White Paper of 1 March 2017
• 3.1.2. The Reflection Paper on the deepening of the Economic and Monetary Union of 31 May 2017
• 3.1.3. Jean-Claude Juncker’s address of 13 September 2017
• 3.1.4. The legislative package of 6 December 2017
• 3.1.4.1. The European Monetary Fund
• 3.1.4.2. The European Minister of Economy and Finance
• 3.1.4.3. The Stabilisation Function
• 3.2. The euro area Member States’ positions towards the proposals from the European Commission
• 3.2.1. France’s Initiative for Europe of 26 September 2017
• 3.2.2. The euro area Member States’ positions on the proposed establishment of a European Deposit Insurance Scheme
• 3.2.3. The stance of the Euro Summit and of the Eurogroup on the European Commission’s ‘roadmap’
• Conclusions
• List of Tables, Charts and Figures
• Bibliography
• 1. Documents
• 2. Monographs
• 3. Publications in Scientific Periodicals and Volumes
• 4. Internet Publications
• Name Index
• Series index