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Abstract EU debt crisis is considered the major challenge faced the union since its launched. The causes of the crisis are embodied in the EU structure itself in addition to certain distortions in each country of our cases Greece, Ireland, Portugal, Spain and Italy. The crisis had major consequences on both the union itself and the global economy. So several actions were taken by EU institutions, IMF and indebted countries to handle the crisis and preserve the Euro. The result of the mentioned actions that all the countries almost recovered except Italy still facing obstacles in the financial market |