Following the December meeting of the analytic group of the European Economic and Social Committee, devoted to eurozone representation on the international forum, Employers of Poland also participate in discussion on the completion of the economic and monetary union. On January 13th in Brussels, Vicepresident Janusz Pietkiewicz attended a meeting on this issue.
Unified representation of the eurozone, particularly in international institutions, such as the International Monetary Fund, is one of the means which are to help achieve the goal of “strengthening the economic and monetary union in action” by spring 2017. Other instruments are: a different approach to the European semester, more efficient economic management tools and the establishment of a financial union. The objective is to create a real economic and monetary union and effect advances in three fields: financial union, fiscal union and political union.
The group that worked on the Committee’s opinion on this matter was established in relation to the opinion voiced by the European Commission. The document in question was created by five presidents (of the European Commission, the Eurozone Summit, European Central Bank and the European Parliament) in response to the need to implement guidelines for consolidating the Eurozone by spring 2017. Among the tools to be used to this end the most notable are: national councils on competitiveness and an independent European Budgetary Council. The latter will comprise five external experts and assess the extent to which European budgetary frameworks are being implemented, cases of failure to comply with the rules on the part of member states, as well as the appropriateness of budgetary policies in the eurozone as a whole and in member states.
The first stage of “strengthening in action” will be concluded by the release of a white book describing actions needed to complete the second stage of creating the economic and institutional structure of the monetary union.
Below you will find a report on this issue by Donald Tusk, Jeroen Dijsselbloem, Mario Draghi and Martin Schulz from June 22nd 2015 and the European Commision’s communique to the Parliament, Council and the European Central Bank regarding the steps necessary to complete the economic and monetary union.
Renata Karwowska, foreign affairs specialist