EMU is based on the efficient interplay of three main factors embodied in the stability architecture: first, a monetary policy with the primary goal of maintaining price stability in the medium term; second, sustainable public finances; and third, structural policies that support growth and global competitiveness.
Price stability is of high importance for safeguarding consumers’ purchasing power and promoting secure and stable planning conditions for enterprises. Price stability, however, can only be maintained if a solid financial policy is pursued.