Recent measures may have signalled the beginning of the end of the Eurozone crisis. But the transformation of EU economic governance is still far from complete

Measures such as the new Fiscal Compact and the European Stability Mechanism may have averted the immediate threat to the Euro. But, according to Iain Begg, some further measures, such as the introduction of Eurobonds, are needed on top of what has been, up until now, the largely piecemeal evolution of European economic governance.