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EN
The parliaments in the EU are facing a choice. They may exploit the existing possibilities, continue business as usual (possibly with declining participation in inter-parliamentary cooperation, so no change), or bypass existing interparliamentary structures. The last and most extreme scenario would mean that some national parliaments, for example the six founding members or the Member States that have adopted the euro, create their own conference, with serious repercussions to “pre-in” countries, to the EU institutions, and to the inclusiveness of economic and financial governance. The second option (business as usual) does not help building a genuine Economic and Monetary Union either. Only the first scenario would help reduce the existing weakness in democratic accountability and legitimacy, both in general, and especially in connection with the genuine EMU in the making. An inter-parliamentary conference as a place to discuss these policies could have the positive effect of gradually becoming an arena in which the future direction of the Union’s economic policy is shaped.
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