... Commission Economic Crisis in Europe: Causes, Consequences and Responses judgment as to what the principal causes of the crisis were and how changes in macroeconomic, regulatory and supervisory ... of a single position. Part I Anatomy of the crisis EUROPEAN ECONOMY 7|2009EUROPEAN COMMISSION Economic Crisis in Europe: Causes, Consequences and Responses Economic Crisis in Europe — Causes, ... many financial institutions operating cross border there is a 5 European Commission Economic Crisis in Europe: Causes, Consequences and Responses 6 clear case for exchange of information and...