This year will see substantial reforms to the financial system and plans put in place to develop the architecture for renewed growth.  The creation of new jobs to offset the higher level of unemployment will also be one of the main challenges.

The European Parliament has been and over the next months will be doing its share to ensure that the EU successfully leaves the crisis behind, reforms itself to stay out of similar crises in future, develops into a thriving and sustainable economy based on an effective EU2020 strategy and takes stock of what led to the turmoil of 2008 and 2009. Over the coming months Parliament will be focussing on a major reform of the financial services sector, will continue to work on internal market policy the EU's social agenda.  Parliament is also undertaking a lessons-learnt exercise with regards to the crisis.