The Economic Crisis and Governance in the European Union - 9781138675247

Taylor & Francis

The Economic Crisis and Governance in the European UnionA Critical Assessment\nAuthor(s): Javier Bilbao-Ubillos\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138675247, 978-1138675247\nSynopsis\nThis book explores the way in which the financial crisis that began in the US spread to the economy of the European Union. It takes a critical look at the measures adopted by EU institutions in response to that crisis, seeking to explain the rationale behind them, their context, their development and why different exit strategies were not adopted. In doing this, the book makes comparisons with the measures adopted by institutions in the US and the UK.\n\nAs the crisis has shown that the financial supervision frameworks prevailing in 2007 were not fully able to deal with the largest financial crisis in history, this volume also reviews the proposals that have been designed to reform the supervisory architecture in financial services i.