The euro crisis has forced the member states of the European Union to rethink how the common currency is governed. Over the past couple of years, multiple rule and treaty changes have been introduced. They deeply influence the governance of the Eurozone as well as the Union of the 27 nations. They also influence the relations among the member states.

GMF is inviting a group of experts on the EU to meet regularly in Brussels to rethink how the common currency is governed, explore the far-reaching developments and its impact on relations among the member states. The core theme is the question of a two-speed, multi-speed or multi-direction Europe. The group will convene policy dinners and a half-day workshop. They will also commission a handful of policy papers.

The goal is to develop a platform of exchange of ideas and recommendations on the likely evolution of the EU. Key questions that are debated include: Is the Eurozone likely to be composed of the majority of EU members or to be reduced to a hard core of countries with similar economic profiles? Will the EU develop towards a political union, with a single elected President, or face disintegration? Will a two-speed Europe, a multi-speed Europe or a multi-track-Europe emerge? What might be the economic consequences of the potential developments?