InterCriteria Analysis of the Financial System in the EU Countries

The paper presents an analysis of the financial systems of the EU member states which is an actual problem. The paper showcases a new method of analyzing and grading of the connection between the criteria defining the state of the financial systems. The presented multicriteria decision making method is based on two fundamental concepts: Intuitionistic Fuzzy Sets (IFSs) and Index Matrices (IMs). We have named it `InterCriteria' decision making approach. The data for the financial systems of the EU member states is sourced from the World Economic Forum's Global Competitiveness Reports for 2019. The assessment was made using 12 main drivers, so called Pillars. The main goal is to assess the competitiveness of each EU country.