Genuine Economic and Monetary Union Will Be Federal or It Will Not Be

Abstract

(Series Information) European Papers - A Journal on Law and Integration, 2018 3(1), 67-73 | Overview | (Table of Contents) I. Introduction. - II. Genuine EMU. - III. Wrong Method. - IV. Right Direction. | (Abstract) The main problem of Economic Monetary Union (EMU) is not a weakness of parliamentary control but the lack of a strong executive. A fiscal union needs a treasury, housed within the Commission. No new parliamentary assembly is required outside the European Parliament. And no new treaty should be agreed outside the EU framework.

Keywords

• federal government
• treasury
• european parliament
• european commission
• emu
• eurozone