BEPA conference on "The blueprint for a deep and genuine EMU: Debating the future economic, monetary, banking and political union"
José Manuel Barroso, President of the EC, and Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, participated in the Bureau of European Policy Advisers (BEPA) conference on "The blueprint for a deep and genuine EMU (Economic and Monetary Union): Debating the future economic, monetary, banking and political union" with Jean-Claude Thébaut, Director-General of the BEPA.
In his speech José Manuel Barroso notably explained the "new reality" brought to light by the crisis and the rationale for the Commission's Blueprint, which aimed to provide a vision for the future. While acknowledging the progress the EU had made in repairing the economy since the start of the crisis, he underlined the need for further reform in the EMU.
The President also stressed that further reforms would only be successful if they were accompanied by a broad public debate on how far to go down the path of further integration.