Overview of EU Responses to the Global Economic Crisis

Sebastian Weißschnur ()

Chapter Chapter 6 in The Proportionality of State Intervention, 2021, pp 171-212 from Springer

Abstract: 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.

Keywords: EU responses to 2007–2008 crisis; Financial reform; Financial stabilisation; Economic governance; Economic growth; Diverse effects on member states (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75676-5_6

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DOI: 10.1007/978-3-030-75676-5_6

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