Faced with two challenges, that of the convergence of atomised national economies and the reinforcing of the internal cohesion of its structures, the eurozone has to evolve. On the eve of the European Council, leaders have to discuss two series of measures, put forward by the Commission. One focuses on the Economic and Monetary Union (EMU), which governs the euro zone and the other, on the Union's budget. After reviewing the situation in the euro zone, this paper will analyse the proposed reform of the EMU.
