Author (Person) | Alcidi, Cinzia, Giovannini, Alessandro |
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Publisher | Centre for European Policy Studies [CEPS] |
Series Title | CEPS Special Report |
Series Details | No. 98, December 2014 |
Publication Date | December 2014 |
Content Type | Journal | Series | Blog |
From Source URL click on 'Download the document (PDF) for FREE'. Abstract: This CEPS Special Report investigates ways to enhance the legitimacy of economic governance in the Economic and Monetary Union (EMU) without introducing Treaty changes. It suggests changes in the governance framework at both the institutional and economic level. Input-oriented legitimacy can be improved by increasing parliamentary oversight on decisions related to EMU and increasing the accountability of the Eurogroup. Output-oriented legitimacy can be improved by strengthening the ability of EMU to reduce the emergence of negative externalities and to mitigate their impact, through market and fiscal risk-sharing mechanisms. |
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Source Link | Link to Main Source http://aei.pitt.edu/58715/ |
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |