This book explores the way in which the financial crisis that began in the USA spread to the economy of the European Union. It takes a critical look at the measures adopted by EU institutions in response to that crisis, seeking to explain the rationale behind them, their context, their development and why different exit strategies were not adopted. 'This book, the 28th volume in the publisher's "Studies in the European Economy" series, examines the responses the European Union adopted to counter the financial crisis that erupted in 2008...This work will be highly relevant to policy makers and scholars looking at EU integration, finance, and market regulation. Summing Up: Recommended. Researchers, professionals, practitioners.' -- R. Grossman, Wesleyan University, for CHOICE