DOI: 10.36347/sjahss.2018.v06i03.021

Pages: 629-631

The overall aim of the paper is to ascertain the extent of which the financial crisis affected Europe position and the implications to this changing status quo if there is any. From this background, this research seeks to answer the following questions: Has the financial crisis made EU weaker or stronger? Has the financial crisis affected EU position in the world? If yes, to what extend has it affected the EU position on world politics? In search for answers to these questions, we employ secondary data such as policy papers on the global financial crisis, academic articles, EU response papers and World Bank and International Monetary Fund (IMF) policy documents etc.