Almunia: EU approach to crisis fails

137 views · Published 17 May 2009 · 0:55 · Indexed 20 September 2026

Channel: Euractiv · 2009 · News & Politics

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European Commissioner Joaquin Almunia confesses that the EU's economic monitoring system failed to detect the economic crisis on time and that the initial European response to the crisis was inadequate.

Almunia made the comment while addressing the 2009 Brussels Economic Forum in Brussels

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