Deepening EU economic governance: the next steps

Earlier this year, the so called ‘Five Presidents’ report’, authored by Jean-Claude Juncker, Donald Tusk, Jeroen Dijsselbloem, Mario Draghi, and Martin Schulz, was published, outlining plans for strengthening economic and monetary union. Iain Begg writes on proposals adopted by the European Commission on 21 October to implement the recommendations in the report. He notes that the new plans show Eurozone reforms with a decidedly integrating impact are going ahead, and that there could be some potential consequences for the UK’s attempts to renegotiate its EU membership.