The global economic and financial crisis exposed shortcomings in the economic governance and budgetary surveillance in the European Union (EU). When Economic and Monetary Union (EMU) was adopted in the EU, Monetary Union was achieved by the establishment of the euro as the single currency and the creation of the independent European Central Bank (ECB) to set a single monetary policy. However, Economic Union was left in a much less developed and formalised position. Economic and budgetary policies were left in the hands of the individual Member States, with a relat
In the wake of Brexit and the election of Donald Trump as US President last year, it is clear that Western politics has experienced something of a paradigm shift. However, with the recent victory of Emmanuel Macron in the French Presidential elections, and that of Dutch Premier Mark Rutte in the Dutch general elections on 15 March 2017, it would appear that this shift toward populism has been checked, at least for now.
In the run-up to the Bratislava Summit of the EU 27 on 16 September, European Commission President Jean-Claude Juncker delivered his annual State of the Union Address in Strasbourg on 14 September 2016 before members of the European Parliament, the College of Commissioners and the Slovak Presidency of the Council of the EU.