Where: Brussels, Belgium
Topic: Business | Economy, finance, tax and competition
Organiser: European Commission
On 28 November, the European Commission will present a Blueprint on how to move towards a deep and genuine economic and monetary union that can deliver lasting financial stability, economic prosperity and social welfare in the future. As announced by President Barroso in his State of the Union address on 12 September, the Blueprint will identify what remains to be done to achieve a true banking, fiscal and economic union. It will set out the steps to take both in the next months and over the next years. It will identify the necessary tools and instruments to achieve the objectives, and address the legal options to implement them, including, where necessary, through treaty change. The Blueprint will also discuss ways to ensure the necessary democratic legitimacy and accountability which must be part and parcel of this process.
The Blueprint will inform the debate at the December European Council and feed in to the report prepared by the President of the European Council, in close cooperation with the Presidents of the European Commission, Eurogroup and European Central Bank. Preliminary discussions on the interim report of the four presidents were held at the October European Council, where they agreed to present a specific and time-bound roadmap for all essential building blocks on which a genuine EMU should be based.
President Barroso will present the EMU Blueprint at a press conference on 28 November. IPs and MEMO will be available on the day.