Economic governance
EU Fact Sheets
04-09-2024
The term ‘economic governance’ refers to the system of institutions and procedures established to achieve the EU’s economic objectives, namely to promote economic and social progress for the EU and its citizens. The previous system of economic and fiscal coordination was shown to be inadequate in the face of the financial, fiscal and economic crises that began in 2008. Improvements to the EU’s economic governance include stronger coordination and surveillance of both fiscal and macroeconomic policies and the establishment of a framework for the management of financial crises.
EU Fact Sheets