This snapshot, taken on 17/12/2010, shows web content selected for preservation by The National Archives. External links, forms and search boxes may not work in archived websites.
The world is facing a financial and economic crisis unlike any seen before. How we respond will shape our future for many years to come.
The EU approach stresses the need for common strategies that promote European principles and long-term goals. From the start of the storm, the union has played a key role in coordinating national positions – both within Europe and at the international level.
Through concerted action, the union has succeeded in preventing a meltdown of European financial markets, saving millions of jobs. Member countries are now implementing an economic recovery plan that represents the most ambitious effort ever to align their economic policies. Rejecting protectionism, the plan seeks to strengthen the single market, long a catalyst for European growth.
Though it has meant hardship for many people, the crisis has taught us some valuable lessons. We now know that the financial system is deeply flawed. The EU is working to put a stop to loose banking practices within its own borders. The European example is also driving action at the international level.
No country could escape such a destructive force. But by pooling efforts and resources, Europe can emerge stronger and better prepared for the future.
Attending a European Job Day led Lithuanian beauty salon owner Sandra Sumskiene and her family to embark on a new life in Norway.
