The crisis exposed fundamental problems and unsustainable trends in many European countries. It also made clear just how interdependent the EU’s economies are.
Greater economic policy coordination across the EU will help us to address these problems and boost growth and job creation in future.
More united than ever: how the EU has found solutions to tackle the financial crisis, how it is reinforcing its economic and monetary union and how this is paving the way towards a strong political union. The European Union’s economic governance framework aims to detect, prevent, and correct problematic economic trends such as excessive government deficits or public debt levels, which can stunt growth and put economies at risk.