EMU: European Commission Publishes Reports on Progress

Orrick - Finance 20/20
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Orrick - Structured Finance Group

[author: Aoife Casey]

The European Commission has recently published the following documents, accompanied by a series of press releases and fact sheets:

  • Communication, Deepening Europe’s Economic Monetary Union (EMU): Taking stock four years after the Five Presidents’ Report.
  • Staff Working Document, Strengthening the International Role of the Euro, Results of the Consultations.

Related to these documents, the Commission published a Communication, Fourth Progress Report on the reduction of non-performing loans (NPLs) and further risk reduction in the Banking Union.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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