Background note to the draft reports on economic governance

Background note to the draft reports on economic governance

(...) MEPs steering new economic governance laws through Parliament presented their draft reports in the Economic and Monetary Affairs Committee in January. They propose stricter budget rules and sanctions to prevent future debt crises in the Eurozone and enable sustainable growth. They also propose radical changes to current laws so as to enhance accountability and instill a sense of ownership, both of which they judge were sorely lacking in the first ten years of EU economic and monetary union.(...)