European Integration

Completing Europe's Economic and Monetary Union – Reform options under discussion.

The crisis and its aftermath have shown that the European Economic and Monetary Union (EMU) is in serious need of reform. The euro area does not have sufficient mechanisms to respond to GDP shocks, while member states lack the fiscal flexibility to assume their stabilisation function.


Dr. Wolfgang Eichert
Senior Manager
Research, Industrial and Economic Policy
BDI e.V.