Written by Stephan Huber and Marco Scagliusi
The “Two-Pack” and “Six-Pack” mark the latest stage of the legislative framework for Economic and Monetary Union (EMU).
The European Commission evaluation report is the first step in building a deeper and fairer Economic and Monetary Union.
Articles and studies have highlighted the need to further address those issues which result in a misalignment of economic governance with its original goals.
Democratic accountability, Member States’ compliance with country specific recommendations, coordination in the European Semester and macroeconomic surveillance are some of the issues which require further attention.