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Graph of the week: Completing Europe's Economic and Monetary Union

The European Commission is implementing concrete measures to move beyond the necessary crisis management of recent years towards a stronger and complete union; towards a union that is built on a lasting, fair and democratically legitimate basis for the future and that contributes to more jobs, growth and prosperity for all citizens.

The package of measures adopted by the College of Commissioners entails a revised approach to the European Semester, including through enhanced democratic dialogue and further improved economic governance, such as the introduction of national Competitiveness Boards and an advisory European Fiscal Board; a more unified representation of the euro area in international financial institutions, especially the IMF. It also specifies the steps towards completing the Banking Union, notably via a European Deposit Insurance Guarantee Scheme and measures to further reduce risk in the banking system.

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