The Five Presidents' Report is the result of numerous consultations between the Sherpas of Member States, the Sherpas of the Presidents of the EU institutions involved and the Five Presidents.
Download the Five Presidents' Report: Completing Europe's Economic and Monetary Union 22 June 2015
Photos: meetings with the Sherpas of Member States, the Sherpas of the Presidents of the EU institutions involved and the Five Presidents
European Commission Notes ahead of the Sherpas Meetings
Economic and Monetary Union: the Analytical Note
At the informal European Council on 12 February 2015, European Commission President Jean-Claude Juncker presented an Analytical Note on the Economic and Monetary Union (EMU), prepared in close cooperation with the President of the European Council, Donald Tusk, the President of the Eurogroup, Jeroen Dijsselbloem, and the President of the European Central Bank, Mario Draghi.
It takes stock of the current state of the EMU, identifies the main shortcomings of the EMU framework that were revealed by the crisis and describes the measures taken so far to address them. This analysis prepared the ground amongst Sherpas and was the first step towards the Five Presidents' Report on the future of the Economic and Monetary Union.