Strategic partnerships between agile fintechs and experienced financial institutions in the shared financial space will help unlock doors to new, untapped possibilities. Greater collaboration is therefore needed to help scale innovative products and solutions and enable it to reach previously unchartered territories.
The second stability-ensuring institutional feature of EMU is the Stability and Growth Pact. It spells out how member states are supposed to ensure sound public finances, as the Treaty obliges them to avoid excessive deficits.