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Overview of EU Responses to the Global Economic Crisis

In: The Proportionality of State Intervention

Author

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  • Sebastian Weißschnur

Abstract

There are two parts to this chapter: the major EU responses to the 2007–2008 crisis and the diverse effects they had on major Eurozone Member States. The main EU responses appraised are financial reforms, financial stabilisation, enhancing economic governance, funding relating to these measures and interventions to generate economic growth. Identical responses were imposed on all Eurozone members with varying degrees of success, as illustrated by two severe crises in Greece and in Italy. Fundamental differences between the UK and the EU on some policies are discussed as these were instrumental in initiating a referendum on EU membership and the decision by the British electorate to exit.

Suggested Citation

  • Sebastian Weißschnur, 2021. "Overview of EU Responses to the Global Economic Crisis," Springer Books, in: The Proportionality of State Intervention, chapter 0, pages 171-212, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-75676-5_6
    DOI: 10.1007/978-3-030-75676-5_6
    as

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