Euro Summit, 14/12/2018
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Main results
EU leaders discussed the reform of the Economic and Monetary Union on the basis of a report by the Eurogroup.
They adopted a statement endorsing all elements of the Eurogroup report, including:
- a term sheet on the ESM reform
- the terms of reference of the common backstop to the SRF
- a way forward on the banking union
Infographic – How to resolve a bank
Leaders also gave a mandate to the Eurogroup for further work on a budgetary instrument for convergence and competitiveness for the euro area, in the context of the multiannual financial framework.
A year ago, we promised concrete steps to strengthen the Economic and Monetary Union. Today, leaders delivered on this promise.
Donald Tusk, President of the Euro Summit
- Euro Summit statement, 14/12/2018
- Eurogroup report to Leaders on EMU deepening
- European Council, 13-14/12/2018
- Deepening Europe’s Economic and Monetary Union (background information)
- Glossary – EMU reform
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