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How did the European Union respond to the 2009 economic crisis?

provided loans to countries that could not pay their debts
re-imposed trade restriction on the hardest hit nations
refused to admit new members to the union
mandated that member nations adopt the euro as their currency

2 Answers

3 votes

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.

User Tarun Gaba
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provided loans to countries that could not pay their debts

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.


User Jproton
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