Euro Monitor: Which countries are best placed to exit the crisis?
The economic and financial crisis has revealed a number of weaknesses in the economic governance of the EU's economic and monetary union.
The EU and its Member States have taken a series of important decisions that will mean stronger economic and budgetary coordination for the EU as a whole and for the euro area in particular. Thus, in May 2011, the Member States agreed to establish a rescue mechanism worth €750 billion to protect the euro from collapsing under the weight of accumulated debt.
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Europe stands increasingly alone on defence production and needs to act
Europe must rebuild its defence industry; reliance on the US is no longer tenable, whatever the outcome of the US presidential election
