The Financial Crisis: Impact on and Response by the European Union

Jackson, James K.

Library of Congress. Congressional Research Service.

关键词: Finance;    Financial crises;    Economic policy;    Business cycles;    Foreign policy;   

RP-ID  :  R40415
RP-ID  :  R40415_2009Jun24

美国|英语

来源: UNT Digital Library

【 摘 要 】

According to the most recent National Threat Assessment, the global financial crisis and its geopolitical implications pose the primary near-term security concern of the United States. Over the short run, both the EU and the United States are attempting to resolve the financial crisis while stimulating domestic demand to stem the economic downturn. These efforts have born little progress so far as the economic recession and the financial crisis have become reinforcing events, causing EU governments to forge policy responses to both crises. This report discusses this situation in detail and also discusses individual efforts by both the U.S. and EU to combat the effects of the crisis.