The European economic governance is formed by 3 pillars that were taken over under a single overarching framework: the European Semester. Before 2010, the European economic governance consisted of 2 pillars: the budgetary surveillance since the adoption of the Stability and Growth Pact (SGP) in 1997 and the socio-economic coordination initiated by the Lisbon Strategy in the early 2000. Since the Eurozone crisis, the economic dimension of the Economic and Monetary Union (EMU) was enhanced and one additional pillar was added while the existing pillars were strengthened. The 3 Pillars that form the European Semester since the crisis include: