St Antony’s College, 23 January, 2020
European countries that have not adopted the Euro face a complex set of issues regarding their interactions with those countries that have adopted it, and ultimately have to decide whether and when to join the Euro and the banking union (BU). Similarly, EU member states that have adopted the Euro face complex issues in their relationships with the non-Euro member states. The eight member states outside the Euro are economically and politically important. They have a total population of 105 million people, a significant number and more than any individual member state that has adopted the Euro. They range from among the richest to the poorest EU members.
On 23 January 2020 the European Political Economy Project (EuPEP) of the St. Antony’s European Studies Centre (ESC) hosted a conference that looked instead at monetary and financial issues for those countries that are not at the core, i.e. have not (yet) adopted the Euro—defined as the EU “periphery” in this context. Much research on EU integration looks at the “core” EU member states, defined here as those that have adopted the Euro as their currency, and focuses on them in analysing the speed and priorities for taking forward the European project. This conference sought instead to look at the policy choices and experiences of the countries at present not in the core.