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Governing Europe

How to Make the EU More Efficient and Democratic

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Edited By Lorenzo Vai, Pier Domenico Tortola and Nicoletta Pirozzi

This book is a collection of the contributions to the Governing Europe project, which tackles the current situation and the future developments of the European mechanism of governance, putting forward a series of policy and institutional recommendations for the medium and long term, aimed at improving the democratic nature and the effectiveness of the European decision-making processes.

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How to Pursue a More Efficient and Legitimate European Economic Governance (Gian Luigi Tosato)

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How to Pursue a More Efficient and Legitimate European Economic Governance

Gian Luigi TOSATO

Introduction

The European Union (EU) is presently not in good health, as stated by the President of the Commission, Mr. Juncker, in his speech on the State of the Union 2015.1 Within the EU, the Economic and Monetary Union (EMU) pillar is no exception to this. In Mr. Juncker’s words, the EMU is “only at the beginning of a new, long journey.” A new more efficient and legitimated governance is needed for the EMU to be able to deliver the results expected from it (in terms of productivity, job creation and social fairness).

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