Fiscal repair and structural reforms were difficult. But the bitter medicine has worked. The systemic euro crisis is history. Most reform countries at the periphery are reaping the rewards of their efforts. For the reform countries, the risks ahead are mostly political rather than economic. This is the main finding of The 2015 Euro Plus Monitor: More Progress, New Risks, the authoritative annual survey published each year by the Lisbon Council and Berenberg. The study deploys a unique methodology to examine the fundamental health and measure the adjustment progress of the 18 euro members as well as Poland, Sweden and the United Kingdom. It asks, who is reforming fastest? And who needs most to reform even faster?