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This paper contrasts the United States (US) and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of...
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-2018 sovereign debt crisis in the Eurozone, the impact on the stability of the EU financial system has been comparatively mild so far … of the GFC was fully activated. Finally, many EU Member States and the EU itself acted decisively, and proactively pumped …, national and EU institutions and agencies have orchestrated their efforts towards establishing an appropriate framework in …
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