[EN] Vers une représentation extérieure commune de la zone euro?

Disponible en anglais uniquement

Daniela Schwarzer, Head of Research Division EU Integration , SWP, Federico Steinberg, Senior Analyst for Economy and International Trade, Real Instituto Elcano and Diego Valiante, Research Fellow, CEPS
?Since the introduction of the euro in 1999, the external representation of the eurozone has been incrementally developed, but no formal amendments have been made. This contribution discusses the case for a consolidated representation of the eurozone in international economic fora, analyses the obstacles to achieving it, and puts forward proposals to solve some of the existing obstacles. It argues that there is a strong case for creating a single voice for the euro in the world in general and in the IMF in particular, especially after the global financial crisis and the emergence of the G20 as the main forum for global economic governance. However, some eurozone countries are unwilling to give up sovereignty and transfer more power to Brussels. In addition, the functioning of the IMF, which is based on high majority voting, may induce major euro area countries not to give up their individual influence over IMF decisions. Nevertheless, the recently created European Stability Mechanism could act as a catalyst for solving some of these problems.

Ce Policy Paper est une contribution de Daniela Schwarzer (SWP), Federico Steinberg (Elcano) and Diego Valiante (CEPS) au projet Think Global – Act European (TGAE). Thinking Strategically about the EU’s external action dirigé par Notre Europe – Institut Jacques Delors (rapport disponible en mars 2013, dir. Elvire Fabry, Chercheur Senior, Notre Europe – Institut Jacques Delors).

Since the introduction of the euro in 1999, the external representation of the eurozone has been incrementally developed, but no formal amendments have been made. This contribution discusses the case for a consolidated representation of the eurozone in international economic fora, analyses the obstacles to achieving it, and puts forward proposals to solve some of the existing obstacles. It argues that there is a strong case for creating a single voice for the euro in the world in general and in the IMF in particular, especially after the global financial crisis and the emergence of the G20 as the main forum for global economicgovernance. However, some eurozone countries are unwilling to give up sovereignty and transfer more power to Brussels. In addition, the functioning of the IMF, which is based on high majority voting, may induce major euro area countries not to give up their individual influence over IMF decisions. Nevertheless, the recently created European Stability Mechanism could act as a catalyst for solving some of these problems.

Avant la publication du rapport final présentant les recommandations clés des 16 think tanks mobilisés dans ce projet, 5 séries de Policy Papers portent sur les sujets suivants : Politiques économiques, Migration, Voisinage de l’UE, PSDC ,Ressources stratégiques.

Ce Policy Paper fait partie de la série intitulée «Comment mieux promouvoir les intérêts économiques européens à travers le monde ?» qui comprend les contributions de John Springford (Centre for European Reform), Richard Youngs (FRIDE), Agatha Kratz and Jonas Parello-Plesner (ECFR) ,Pawel Swieboda (demosEuropa),Yiannis Tirkides ( CCEIA), Filippa Chatzistavrou and Dimitris Katsikas (ELIAMEP).