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The European Union’s week from hell
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The European Union's failure to come up with an action plan for EU countries faltered at first as each country decided it had to follow is own circumstances and then only as the global financial crisis intensified during the first week of October 2008 that the countries came up with a coordinated action plan. Global coordination wascritical so that one country's action did not run counter to another country's actions. And gradually around the world countries took the lead from Gordon Brown's action plan in Britian to inject capital into their banking system as well as other steps to get credit flowing again.
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