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Lords investigating economic and monetary union in the EU to explore benefits for the UK


On Wednesday 2 December the House of Lords EU Committee currently holding an inquiry into economic and monetary union (EMU) will take a closer look at the impact on the UK and other non-euro zone Member States.

The investigation is looking at the issue of strengthening EMU, within the context of the Five Presidents' Report.

The House of Lords EU Financial Affairs Sub-Committee will hear from Baroness Bowles, former Chair of the European Parliament Committee on Economic and Monetary Affairs, and Raoul Ruparel, Co-Director from think tank Open Europe.

Some of the questions that the Committee could ask will include:

What is your overall assessment of the Five Presidents Report?

  • Does the report do enough to strengthen the euro?
  • What will be the impact on the UK, other non-eurozone Member States and the EU institutions of moves to deepen EMU?
  • How do the interests of the UK differ from other non-eurozone Members?
  • How can fiscal union be achieved?
  • How do you see the role of the European Central Bank, and its future?
  • What are the main obstacles in moving towards Banking Union?
  • What problems does the euro area face in trying to establish a European deposit insurance scheme?

The evidence session will start at 10:15am on Wednesday 2 December. It will be in Committee Room 4 of the House of Lords.

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