Exploring EU’s four major crises with Mr Klaus Regling The European Union (EU), and its Economic and Monetary Union (EMU) are a unique entity – with diverse sovereign countries united in select common policies. Given its setup, crisis management in Europe is always complex. In the last 15 years, Europe has been put to the test with four major crises – the global (subprime) financial crisis, the euro crisis, the Covid-19 pandemic, and the current economic and political fallout