Fittex

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One of the key lessons learned from the financial crisis in 2007-2008 is that in order to reduce the direct and indirect costs of bank failures for national governments, one has to have a credible framework in place to deal with banks’ failures, including clear rules as to the allocation of losses and the conditions attached to the use of common resources, to provide strong incentives for taking measures of precaution in good times and minimise losses in times of crisis. To that end, Europe has put ...

This in-depth analysis introduces the challenges that have been faced in delivering a discharge of the Council’s budget over the last decade, with particular regard to the Council’s executive activities. It analyses the institutional and legal constraints, and it makes a number of recommendations for how to achieve more accountability regarding the Council’s budget and executive expenditure without resorting to treaty reform.