What are the measures taken by the European Union to prevent the Greek crisis?
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the Economic and Financial Affairs Council (ECOFIN) of the European Union, in response to the grave financial crisis that is currently unfolding in Greece and in an effort to preserve and restore financial stability in the euro zone, convened an extraordinary meeting in Brussels, at which it endorsed a comprehensive set of emergency measures. A key measure is the establishment of a “European Financial Stabilization Mechanism” (EFSM), composed of loan guarantees and euro bonds, to protect euro zone members from market speculation and rescue them in future crises. EU Members have agreed not to allow a “new Greece” to arise. I HOPE IT'S HELP YOU THANK YOU
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