Adding pieces to the European economic governance puzzle
Janis A. Emmanouilidis
EPC Post-Summit Analysis
Brussels 12/2010
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The European Council meeting on 16-17 December was once again dominated by the euro crisis, with EU leaders adding new pieces to the enhanced European economic governance puzzle. In this analysis, Janis A. Emmanouilidis argues that EU leaders were justified in heralding the decision to establish a European Stability Mechanism as a major success. But he warns that there are still a number of key issues which need to be elaborated and clarified, and that the basic question remains: will the new mechanism and all the other reforms agreed this year be sufficient to rescue the euro and the EU itself?
The EPC Post-Summit-Analysis was published on 20 December 2010 and can also be found on the EPC website, see here.