What does the Five Presidents’ report mean for the future of the euro?

On 22 June 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 assesses what the report means for the future of the euro. He finds that while some of the proposals are well-judged and combine ambition with realism, others are too vague, and that there are still areas, such as the future role of the ECB, that deserve attention. He also notes the risk that some EU countries may lack an appetite for further governance changes and that the proposals may be challenging for the UK.