Priorities for Europe’s monetary union

Bruegel event recordings

While the euro area has emerged from its deep economic crisis and interest rates are at historically low levels, multiple challenges remain. How complete is Europe’s monetary union? Do the available tools to prevent and correct fiscal, financial and macroeconomic imbalances reflect a reasonable compromise between first-best solutions and political reality? Is the euro area ready for a next recession or an economic crisis? What should be the reform priorities?