Policy Brief: Economic Survey of the European Union 2009

The European Union is facing severe challenges from the financial crisis and the worst global recession in the past fifty years. The Community has responded to the crisis proactively, consistent with the broad framework for policy actions provided by the European Economic Recovery Plan. Actions have been taken to stabilise financial markets and support the economy. An ambitious agenda for financial services reform is underway to improve macro- and micro-prudential regulation and supervision, and the ECB has cut its policy rate significantly.

OECD: Economic Survey of the European Union http://www.oecd.org/document/11/0,3746,en_2649_34569_43709451_1_1_1_1,00.html

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