The article discusses the European Union's efforts to strengthen economic governance in response to the Greek debt crisis. It focuses on the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (fiscal compact) and its legal and institutional aspects. The fiscal compact aims to introduce stricter fiscal discipline in the eurozone and is closely linked to other measures like the six pack legislation and the European Stability Mechanism. The goal is to prevent future crises and maintain financial stability in the eurozone.