Consequently, it is first and foremost the responsibility of national governments to act by consolidating their budgets swiftly and ambitiously and by implementing comprehensive structural reforms. Nevertheless, reforms also have to be undertaken at the level of the monetary union. As a first step, the institutional framework has to be enhanced to prevent the occurrence of harmful macroeconomic imbalances or excessive public deficits.
The Second NRA found that the level of national money laundering threat is high, arising from the predicate crimes of drug trafficking; graft and corruption; fraud; tax crimes; smuggling; Intellectual Property Law violations; illegal manufacture and possession of firearms, ammunition, and explosives; and environmental crimes.