The Public Interest and the Economy in Europe in the Wake of the Financial Crisis

The financial crisis increased the importance of the member states at the expense of European Union (EU) rules on the single market and Economic and Monetary Union. The commission allowed exceptions that could become lasting if the economic downturn persists. At the same time, the EU has supported stronger financial market regulation, but not in corporate governance, where the member states retain reserved powers. The EU only gets and keeps institutions that the member states support.