Euro Monitor: Which countries are best placed to exit the crisis?

The economic and financial crisis has revealed a number of weaknesses in the economic governance of the EU's economic and monetary union.

The EU and its Member States have taken a series of important decisions that will mean stronger economic and budgetary coordination for the EU as a whole and for the euro area in particular. Thus, in May 2011, the Member States agreed to establish a rescue mechanism worth €750 billion to protect the euro from collapsing under the weight of accumulated debt.