Socially irresponsible behaviour by financial institutions played a major part in causing the financial crisis, which has developed into a serious economic, social and political crisis. Financial innovation and a general lack of transparency in the system have made it hard for the people of...

This Final Annual Activity Report 2006 has been drafted in accordance with the Financial Regulation and is the main yearly reporting tool used by the European Economic and Social Committee in order to report to the budgetary authority.