In his weekly blog, Finance Minister Prof. Edward Scicluna discusses the financial crisis, and how it led to two reactions in the European Community. The first was a desire to resolve the crisis through affirmative action such as bail-outs, while the second was a desire to ensure that such a crisis does not repeat itself. Prof. Scicluna also discusses how legislation such as the Fiscal Compact will mean that countries will have to abide by certain conditions aimed at encouraging greater fiscal responsibility.

– Monday, 17th June, 2013.