Both the European Economic and Monetary Union and the European Banking Union are currently in a phase of consolidation. Several European and international legal norms were recently adopted to strengthen the EMU‘s resilience and preserve the common currency. However, these measures are deemed largely insufficient and there is a wide consensus that further reforms are needed to ‘make sure that Europe is better prepared for future shocks‘ (European Commission). To this end, the European Commission presented its EMU Deepening Package on 6 December 2017. At the same time, while significant progress has been made in establishing the Banking Union, it is still incomplete and there too the European Commission has been making proposals to continue to move forward. Against this background, this panel offers an opportunity to debate and assess the progress made so far as well as the proposals under discussion for the future of the EMU and EBU, from a comparative constitutional law perspective.