We started this morning by the Treaty of Stability, Coordination and Governance for Economic and Monetary Union. This is an important step in restoring confidence in the euro area. As its name suggests, the Treaty has three objectives: those of stability, coordination and governance. Regarding stability: it is to avoid a repeat of the crisis we have just experienced, first by strengthening fiscal discipline. Then, regarding the coordination between economic policies, the objective is to strengthen the economic component of our economic and monetary union. Third, improving governance, which is especially a ... (full story)