Combining stability with fairness and democratic accountability
As a response to the economic crisis, the European Semester was created as a system for EU countries to coordinate their economic and fiscal policies.
Fiscal union is about ensuring EU countries pursue sound and sustainable fiscal policies.
Financial union ensures that the EU has stable banks and capital markets that are able to finance the real economy.
Political union is about ensuring the EU and its institutions are democratically accountable, legitimate and institutionally strong.
The European Pillar of Social Rights seeks to guarantee new and more effective rights for citizens.