The Eurozone: IN and OUT relations

25 February 2016

This paper seeks to consider the problems posed for the EU by having most of its members using the euro while others remain outside it. How can these problems be solved – or merely mitigated? Will the solutions help or hinder PM Cameron’s renegotiation of the UK’s relationship with Europe?

Executive Summary and Conclusions 

NOTE: This paper was finalised before the letter from Council President Tusk to Prime Minister Cameron on 2nd February 2016. The proposals are in line with the analysis in this paper but they may yet be subject to significant change by the Heads of Government – either at the Summit of 18/19th February 2016 or later. Moreover, the European Parliament – as co-legislator – will have to agree to some of the proposals. 

Full paper on Federal Trust

© Graham Bishop