Państwa członkowskie Unii Europejskiej wobec kryzysu na rynku finansowym
The Member States of the European Union against the the financial market crisis

Summary/Abstract: The issue considered is the identification and assessment of measures undertaken in the years 2008-2013 by the member states of the EU as well as the EU as such towards limiting the effects of the bank crisis. The measures implemented in the first phase of the crisis were meant to counteract the breakdown of the financial market (nationalization or capitalization of banks, takeover of low quality assets, guaranties) and became one of the causes of the states’ deepening debt. In subsequent years, i.e. from 2010 onward the measures were increasingly focused on counteracting the possibility of yet another crisis and solutions were adopted at the EU level (the European Mechanism of Financial Stability, the European Stability Instrument, the European Financial Stability Facility, bank union) as well as at a global level (Basel III). The purpose of the adopted measures was to bring stability to the financial market and real economy whereas the constructed new infrastructure of the financial market is to make credit institutions more resistant to crises.

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