This article is of relevance from an economic policy point of view – it attempts to answer a question of current economic relevance raised in many member states of the European Union. Is the fast credit growth witnessed in recent years part of an equilibrium process or rather an excessive rise...

This article is intended to present the new, (re)forming elements of economic policy coordination, an instrument playing a central role in the EU. One important lesson drawn from the crisis is that in order for the EU to become a stable, dynamically growing economy – in addition to its...