Building a stronger EMU What role can the euro area as a whole play in supporting growth and stability across Europe? Governments are today reflecting deeply on this question. They are considering what was missing in the original design of Economic and Monetary Union (EMU): what responsibilities need to be shared at the European level, and what not, to make EMU function effectively.
The sustainability assessment, instead, implies a forward-looking long-term view, which could help to mitigate the “short-termism” that often drives financial investments. –  Third, good ESG practices seem to provide firms with a competitive advantage stemming from innovation.