On June 21, the new Communication forms the Commission’s
contribution to the Euro Summit.
It takes stock of the progress made to deepen EMU since the
publication of the Five Presidents’ Report: Completing
Europe’s EMU on June 22, 2015.
The Five Presidents’ Report sets out a Roadmap towards
achieving a fully functioning “deep and genuine” EMU in
two stages:
- The first stage was launched in
October 2015.
- The second stage was launched in
December 2017.
In its Communication, the Commission notes that many issues
revealed by the post-2007 economic, financial and social crisis
have been addressed. In particular, the EU’s economy is
growing for the seventh consecutive year, employment is at record
high and unemployment at record low, and the economies of the
member states are converging again.
