These 10 explanatory sheets present a summary of the way the European Union has faced the challenges raised by the financial turbulence ongoing since 2007. They aim to facilitate the understanding of the context of the crisis which the Union is experiencing and to provide a panorama of the reforms adopted to face this. The first six address the world financial crisis and measures taken both internationally and on a European level to manage the effects and reduce the probability of its repetition in the future. Within the European Union these measures notably include the creation of a new structure for financial supervision and high legislative production in terms of financial regulation. The last four sheets focus on the crisis and the euro and the reform of the Economic and Monetary Union.

Summary

SHEET 01

The Global Finan cial and Economic Crisis in Brief

SHEET 02

Causes and Lessons Lea rned from the Crisis

SHEET 03

The Reform of the Global Finan cial Architecture

SHEET 04

Finan cial Regulation and Supervision in the Eu (I) New institutions: stepping up financial supervision in the EU

SHEET 05

Regulation and Finan cial Supervision in the EU (II) Strengthening the resilience of the financial system

SHEET 06

Regulation and Finan cial Supervision in the EU (III) Making the financial sector more transparent and more responsible

SHEET 07

From the Finan cial Crisis to the Euro Crisis

SHEET 08

Characteristics of the Countries in trouble

SHEET 09

How to Reform the Economic and Monetary Union? (I)

SHEET 10

How to Reform the Economic and Monetary Union? (II)

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