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On 15 September 2008, US investment bank Lehman Brothers filed for bankruptcy.
its collapse was the largest in US history.
The Dow Jones shed nearly 5% - its biggest loss since the September 11 attacks.
The European response to the global downturn was an unprecedented stimulus plan
In addition, the European Central Bank slashed interest rates
Banks are also now submitted to regular stress tests
These measures spared Europe from a deeper recession