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Financial regulation, growth, competitiveness, integration: Europe at a crossroads

Michel Barnier

"While other parts of the world were moving steadily towards recovery, in the summer of 2011 the euro zone was hit by the sovereign debt crisis. This latest crisis is related to the previous crises (financial, then economic and social), which required significant recovery plans from European governments." Speech by Commissioner Barnier at the 18th International Economic Forum of the Americas, Montreal.