On May 17, 2011, The European Institute hosted a program with Pankraz Freitag, President of the Swiss Senate Banking Committee. Senator Freitag shared best practices from Switzerland’s fiscal policies and budget management. He also offered his perspective on what the European Union and United States might take away from Switzerland’s “debt brake” experience, while continuing to secure the global strength of the dollar and the euro, balance their budgets and work to reform fiscal regulations in order to avoid future crises.