Publication

The Eurogroup was the first meeting at European level to come up with an action plan in the form of closer coordination between the eurozone countries to stabilize their financial sectors. This approach was confirmed by the European Council a few days later. What is lacking so far, however, is a robust plan to demonstrate how similar crises will be avoided in the future. A new 'financial services action plan' should therefore be designed, with above all the broader public in mind.