Towards Enhanced Economic and Financial Governance in the EU

In order to stabilise the eurozone in the short term the AIV believes that economic and financial governance in the EU needs to be enhanced. The European bank and sovereign debt crisis exposed serious shortcomings in the EU’s crisis prevention and crisis management. Stronger economic and financial governance will enable the Union to enter calmer waters in which much-needed reforms can be carried out. Moreover, it will also foster sustainable economic growth within the Union and increase political and public support for the EU.