This timeline underpins some of the main events that determined the origins and developments of the euro crisis and highlights our contributions to the debates that the crisis has brought into the academic and policymaking agenda...
For the front-runner of last European elections, Jean Claude Juncker, the votes of the EPP signalled a win. However, a win in politics – is much more than this.
The European project – the creation of a single market, the European institutions that are the pillars of that effort and the public’s faith that their collective future is best secured through ever-closer cooperation among nations – has been one of the principal casualties of the euro crisis. Support for European economic integration and the European Union has suffered greatly since the economic crisis began.
The EU is examining ways to use the personal savings of its half a billion people to fill gaps the 2007 financial crisis created. Tougher regulations means there is less credit available from banks, and this money could bridge the divide.
The financial crisis highlighted the need for better regulation and supervision of the financial sector. It is the reason why the European Commission has since 2010 proposed nearly 30 sets of rules to ensure all financial actors, products and markets are appropriately regulated and efficiently supervised. These rules are the basic framework for all 28 Member States of the EU and underpin a properly functioning single market for financial services.
IT HAS been a brutal half decade for the European Union. Given the tempestuousness, it is interesting to note that real per capita output across the EU is about where it was in 2008. While many countries have had it bad in many ways at many times over the past five years, the most significant economic shift in the EU has been shift in its internal economic order.
Very cool to see how Europes numbers has changed from 2008. You can see the differ between each countries and the economies that did better than others. It would have been cool to see how the statistics would change this upcoming year. So having the statistics for this year 2014, would be awesome to see.
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