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Banner addressing crisis in EU
Oslo, Norway, 2012
© European Union 2016 / House of European History, Brussels, Belgium

The sovereign debt crisis, the impact of controversial austerity measures and bailouts plunges the European Union into one of severe dilemmas since its creation. These measures were attempts to safeguard the Monetary Union of very different national economies. With the Greek crisis of 2015 almost leads to the break-up of the Eurozone.