Deepening the Economic and Monetary Union after the onset of the global financial crisis in 2008 remains one of the European Commission's key priorities. The JRC's scientific approach contributes to achieving this goal. Indeed, with its modelling expertise, socio-economic analyses and analytical tools, the JRC provides useful means for the Commission to restore a strong and stable financial system for the EU.
The JRC supports the Commission's activities aimed at reinforcing economic policy coordination and surveillance with a view to detect and correct harmful fiscal and macroeconomic trends. The JRC's work also aims to enhance the quality and efficiency of the public sector and will play a part in developing a fully functioning EU Banking Union. In addition, the JRC continues to monitor fiscal imbalances for the Stability and Growth Pact.