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The financial crisis led to significant constitutional, legislative and administrative changes to the European Union’s economic governance framework. These changes have strengthened economic governance, but also made it increasingly complex. This paper by the IIEA Economic Governance Group provides a comprehensive guide to the main elements of economic governance in the EU. It examines how key aspects of the governance framework are functioning and outlines how the EU’s fiscal rules have been implemented, both at an EU and Member State level, to date.
The IIEA Economic Governance Group is a high level working group, which analyses the continuing reform of Europe’s economic governance architecture and publishes analytical papers detailing the implications of reforms for Ireland and Europe. The group is chaired by Michael G Tutty.