Blueprint for a deep and genuine Economic and Monetary Union

The Blueprint sets out the Commission's vision for a strong and stable architecture for the future of the Economic and Monetary Union, and the concrete proposals to make it a reality. It presents a clear timeframe for reform in the financial, fiscal, economic and political fields. The Blueprint was published in November 2012 to help solve the crisis of confidence that has called into question the very existence of the Economic and Monetary Union (EMU). It is a contribution to the ongoing debate on the future of the EMU, building on the important measures already taken to solve the crisis. The suggested reforms balance the need for more responsibility in the EMU with the need for more solidarity, and could be rolled out, step-by-step, over the short, medium and longer term. Some of the measures can be enacted under the current Treaties and some will require Treaty change.