The prime ministers issued an initiative to speed multilateral economic cooperation, respond to the financial crisis and support development. The initiative recorded a collective ambition; it should not be read as proof that a common economic policy or regional rescue mechanism was created.
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12 November 2026
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What does the 2009 economic initiative show?
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Explanation
The member states called for accelerated cooperation but did not create unified fiscal institutions.
The 2009 economic initiative created a common currency.
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Explanation
It called for accelerated cooperation during the economic crisis.