Author: Jean-Claude Piris
Title: It is Time for the Euro Area to Develop Further Closer Cooperation Among its Members
The aim is to examine what could be done to face the EU serious crisis –euro crisis, distrust of citizens, inadequacy of decision-making with 27 heterogeneous Member States, dysfunctional institutions.
The option to continue on the current path does not look promising, and a substantial revision of the Treaties is politically excluded.
Therefore, a two-speed EU should be considered, with an “avant-garde” of States, probably based on the euro area:
- In a softer version, using possibilities offered by the Treaties,
- In a bolder one, with an additional treaty to be ratified by these States, offering a better framework to act together, while fully respecting their EU obligations.