We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In … doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had … support for the common institution. The Juncker Commission faced a Sisyphean task. A slow bur steady euro areawide economic …

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …

The inquiry into the global significance of the euro, which is the second most important currency in the international …’s strategic autonomy. The main obstacles impeding the further internationalisation of the euro include the lack of a sovereign … behind it and the heterogeneity and struc­tural problems of the euro area member states. The international status of the euro …