The structure and activities of the financial sector as well as the economic governance of a country affect citizens in their daily activities and throughout their entire lives: from receiving a monthly salary to the use of credit cards; from retirement endowments to the capacity of the State to invest in education and health. Many features of the financial system and economic governance underwent significant changes as a consequence of the crisis and subsequent policy decisions.
The European economy and its citizens will be bound by these decisions for many years to come. The new interconnections between the public accounts of the different EU countries can be mentioned as one example of the significant reshuffle in Europe’s ...
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