General philosophy of the European coordination model

Despite the sophistication of the regional surveillance scheme and the disciplinary measures and sanctions set forth in the Treaty and in the Pact for Stability and Growth, it should be stressed that —apart from the monetary sphere, now entirely governed at the supranational level in the euro area— economic policy decisions, including coordination, were left totally in the Member States’ hands. The Treaty sets forth that “the States shall coordinate within the Council”, applying the subsidiarity principle.

Sustainable Development Goals:

Industry, Innovation and Infrastructure