The Five Presidents' Report is the result of numerous consultations between the Sherpas of Member States, the Sherpas of the Presidents of the EU institutions involved and the Five Presidents.
Download the Five Presidents' Report: Completing Europe's Economic and Monetary Union 22 June 2015
Photos: meetings with the Sherpas of Member States, the Sherpas of the Presidents of the EU institutions involved and the Five Presidents
Meeting with the Five Presidents Jeroen Dijsselbloem, Martin Schulz, Donald Tusk and Jean-Claude Juncker (Mario Draghi joined by conference call), 16 June 2015European Commission Notes ahead of the Sherpas Meetings
Note for discussion by Sherpas - overview
Issues for discussion by the Sherpas
Note for discussion by Sherpas - Draft outline of the Report
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Czech Republic 1st contribution
(347 kB)
Czech Republic 2nd contribution
(578 kB) 
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Finland 1st contribution
(217 kB)
Finland 2nd contribution
(387 kB) 
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Hungary 1st contribution
(330 kB)
Hungary 2nd contribution
(247 kB) 
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Ireland 1st contribution
(399 kB)
Ireland 2nd contribution
(472 kB) 
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Italy 1st contribution
(290 kB)
Italy 2nd contribution
(692 kB) 
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Latvia 1st contribution
(283 kB)
Latvia 2nd contribution
(361 kB) 
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Malta 1st contribution
(400 kB)
Malta 2nd contribution
(460 kB) 
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Netherlands 1st contribution
(305 kB)
Netherlands 2nd contribution
(207 kB) 
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Poland 1st contribution
(476 kB)
Poland 2nd contribution
(450 kB) 
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Portugal 1st contribution
(501 kB)
Portugal 2nd contribution
(306 kB) 
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Slovakia 1st contribution
(339 kB)
Slovakia 2nd contribution
(244 kB) 
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Spain 1st contribution
(496 kB)
Spain 2nd contribution
(588 kB) 
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United Kingdom 1st contribution
(450 kB)
United Kingdom 2nd contribution
(366 kB) 
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European Parliament 1st contribution
(296 kB)
European Parliament 2nd contribution
(644 kB) 
Not all Sherpas submitted written contributions and some preferred to keep them confidential.
Economic and Monetary Union: the Analytical Note

At the informal European Council on 12 February 2015, European Commission President Jean-Claude Juncker presented an Analytical Note on the Economic and Monetary Union (EMU), prepared in close cooperation with the President of the European Council, Donald Tusk, the President of the Eurogroup, Jeroen Dijsselbloem, and the President of the European Central Bank, Mario Draghi.
It takes stock of the current state of the EMU, identifies the main shortcomings of the EMU framework that were revealed by the crisis and describes the measures taken so far to address them. This analysis prepared the ground amongst Sherpas and was the first step towards the Five Presidents' Report on the future of the Economic and Monetary Union.


