financial crisis

Assessing the EU governments solutions to

the Financial and Economic Crisis

The financial crash is now haunting the planet for more than one year and has fully spilled over to the real economy, with the worst impacts for people still to come. Unemployment is soaring everywhere, insolvencies are reaching unprecedented levels, and social systems are even more put under pressure. This urgency however has not led the EU governments and the European Commission to truly change course. Instead of engaging in financial reforms which tackle the root causes of the crisis, the EU proposals so far are limited and short of what is needed to shape a sound financial system. The rescue and stimulus measures undertaken managed to avoid the total collapse of the economies, but are not enough to ensure a balanced system with stability in the long term.