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Published on Jan 25, 2012
Last year, the European Union passed an important set of legislative instruments, known colloquially as the 'six pack'. The six pack amounts to a fundamental overhaul of economic governance in the EU. Stricter and more automatic sanctions will now apply to member states who fail to maintain budgetary discipline. In addition, a new system is in place for scrutinising national economies and policy decisions, in an attempt to avoid the dangerous imbalances (such as existed in some property markets and financial sectors) that contributed to the current crisis.
The six pack was subject to a lot of negotiation between the Commission, national ministers and MEPs in the European Parliament. Our latest video infographic explains how this package of laws came into being, illuminating the process of EU law-making in the process.