how will the treaty of lisbon affect emu (june 2008)

Friday 14th December 2012

[with Wouter Coussens and Inigo Arruga Oleaga] Lisbon introduces several changes to EMU, both specifically and as an indirect consequence of other changes. This paper comprehensively sets out how Lisbon modifies the current Treaties, and analyses in clear language how that will affect EMU. Essentially, the monetary pillar is left untouched, whilst the economic pillar is potentially provided with a greater degree of decision-making autonomy for the euro area.