Policy areas

Background

It-twassil ta’ Unjoni Ekonomika u Monetarja aktar profonda u aktar ġusta huwa fost l-10 prijoritajiet ewlenin li l-President Juncker ippreżenta fil-Linji Gwida Politiċi tiegħu. Ir-Rapport tal-Ħames Presidenti, li ġie ppreżentat fit-22 ta’ Ġunju 2015, huwa l-bażi għall-kisba ta’ dan l-għan fl-għaxar snin li ġejjin.

Ir-rapport tħejja fuq talba tas-Summit tal-mexxejja taż-żona tal-euro ta’ Ottubru 2014 u tal-Kunsill Ewropew ta’ Diċembru 2014.

Il-governanza ekonomika fl-UE hi organizzata f’ċiklu, li hu magħruf bħala s-Semestru Ewropew. L-Istħarriġ Annwali dwar it-Tkabbir huwa l-ewwel pass f’dan iċ-ċiklu. Dan ġie msaħħaħ u rfinut tul iż-żmien, u evolva fil-kuntest ta’ żviluppi storiċi. Il-ħidma tal-Kummissjoni b’rabta mal-Unjoni Ekonomika u Monetarja hija l-aktar pass reċenti f’dan il-proċess.

Atti

Xi jmiss?

Stage 1 - "Deepening by Doing"

The EU institutions and the euro area countries would build on existing instruments and use existing Treaties to boost competitiveness and structural convergence, achieve responsible fiscal policies at national and euro area level, complete the financial union, and enhance democratic accountability by early 2017.

Stage 2 - "Completing EMU"

More fundamental reforms should be achieved with the vision for new growth perspectives moving from medium to long-term. The convergence process for euro area economies would be made more binding, through for example a set of commonly agreed benchmarks for convergence of a legal nature.

Stage 3 – by 2025

A deep and genuine EMU would provide a stable and prosperous place for all the citizens of the EU member states that share the single currency, which would be attractive for other EU countries to join if they are ready to do so.

To prepare the transition from stage 1 to stage 2, the Commission will present a white paper in spring 2017 outlining the next steps needed, including legal measures to complete EMU in stage 2.