Extracts from the joint press conference by José Manuel Barroso, Olli Rehn et Michel Barnier on the blueprint for Economic and Monetary Union (EMU)
On 28 November 2012 during a press conference in Brussels, José Manuel Barroso, President of the EC, accompanied by Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, and by Michel Barnier, Member of the EC in charge of Internal Market and Services, presented a Blueprint for a deep and genuine Economic and Monetary Union in Europe.
The document adopted by the European Commission outlines steps and measures to achieve a true banking, fiscal and economic union in Europe that can deliver lasting financial stability, economic prosperity and social welfare in the future.
It identifies necessary tools and instruments to achieve the objectives, and address the legal options to implement them, including, where necessary, through treaty change, while ensuring the necessary democratic legitimacy and accountability which must be part and parcel of this process. PHOTOSHOTLIST