Answer:
provided loans to countries that could not pay their debts.
Step-by-step explanation:
The EU provided financial bailouts/loans and required severe spending cuts.
The financial crisis in 2007-2009 greatly affected Europe. But it also responded to other countries' needs. Europe responded with budget support to poorer economies in urgent need for external finance. It helped countries that was hit by the crisis the hardest such as Africa and countries in the Caribbean.
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