Addressing it requires strong responses from all Member States, including Germany, and from EU institutions. The global crisis has called into question the overall economic and financial strategy of major advanced economies. All have weaknesses in their economic systems.
Accordingly, and with full recognition that there are still important differences on the specifics of the legislation, my summary of the reform agenda as it has evolved to this point will include some proposed legislative elements, as well as various administrative measures being pursued by the regulatory agencies under existing statutory authority.