24. 4. 201317:08

Committee for the European Union has approved position documents relating to the future of Economic and Monetary Union

Intensive debates about the future structure and functioning of Economic and Monetary Union (EMU) are underway at the European level as well as in Member States. For example, last year, President of the European Council together with Presidents of the European Commission, the European Central Bank and the Eurogroup presented their joint vision for the future of EMU in the report Towards a Genuine Economic and Monetary Union. European Commission also published own contribution in its communication A blueprint for a deep and genuine economic and monetary union: Launching a European Debate.

The Czech Republic has a strong interest in participating actively in the ongoing European discussions on further financial and fiscal integration as well as in the area of economic policy coordination. Therefore, the government of the Czech Republic would like to present its own vision and concrete proposals which can contribute to the stabilization of EMU and strengthening the competitiveness of its members. Therefore the Committee for the European Union has today approved a policy document Stabilization and Future of the EMU: a Czech Republic contribution to the European debate which outlines the opinion of the Czech government and suggests a possible direction in which the Member States could continue further.

At today's meeting the Committee for the European Union has also approved two frameworks which represent the government's position towards two communications from the European Commission regarding strengthening of economic governance in the EU. The first attitude refers to the ex ante coordination of plans for major economic policy reforms and the other to the introduced instrument for a convergence and competitiveness.