The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, adopted in March 2012 entered into force in January 2013 was presented as a reinforcement of the Stability and Growth Pact. The present Brief argues that this new Treaty does not seem to offer a definitive solution to the problem of finding the appropriate budgetary-monetary policy mix in the EMU and that it may complicate some aspects of the economic policy governance in the Eurozone.

This E-brief is based on Jorgen Mortensen’s presentation at the EUROFRAME Conference 2013 "Towards a better governance in the EU?" held on May 24th, 2013.

The list of speakers and conference papers are available here.