EU budget, own resources, and the SIU: key challenges for the Union

Completing the European Economic and Monetary Union is central to the economic debate. The euro area is unique: it shares a single currency even in the absence of an underlying federal state. In this article, we analyze the crucial issues of the financial system and the European budget. Starting from the premises of the Savings and Investment Union (SIU), we discuss important topics such as public goods, a true European safe asset and fiscal and budgetary challenges.