Economic Governance in the EMU: Stocktaking and Possible Developments

The debate on the way to further enhance the economic governance in the Economic and Monetary Union (EMU) will remain on top of the European policy agenda in the foreseeable future. This note gives a short description of the state-of-play and possible developments of various governance instruments of EMU. This note is an update on an earlier version published on 22 June 2015.