European Commission 21 October 2015, COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN CENTRAL BANK On steps towards Completing Economic and Monetary Union

EUROPEAN COMMISSION Brussels, 21.10.2015 COM(2015) 600 final COMMUNICATION FROM THE COMMISSION On steps towards Completing Economic and Monetary Union 1.INTRODUCTION The architecture of the Economic and Monetary Union (EMU) has been significantly strengthened over the past years to enhance economic governance and to achieve financial stability.