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EU response to the crisis

From the deepest economic crisis the world economy has seen since the great depression, Europe is emerging with new common institutions and a greater commitment to shared responsibility and solidarity.

Understand why the crisis happened and how Europe responded: European Economy Explained (available in 23 languages).

Emerging stronger from the crisis: the European vision

This video offers a brief overview of how the EU has found solutions to tackle the financial crisis, how it is reinforcing its economic and monetary union and how this is paving the way towards a strong political union.

Date: 11.09.2012
Duration 6:15

Key events this month

Euro area annual inflation down to 0.4%

14/08/2014Euro area annual inflation was 0.4% in July 2014, down from 0.5% in June. This is the lowest annual inflation rate since October 2009. In July 2013 the rate was 1.6%. Monthly inflation was -0.7% in July 2014.  

GDP stable in the euro area and up by 0.2% in the EU28

14/08/2014Seasonally adjusted GDP remained stable in the euro area (EA18) and rose by 0.2% in the EU28 during the second quarter of 2014, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2014, GDP grew by 0.2% in the euro area and by 0.3% in the EU28. 

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