The European Union began having issues of its own after the 2008 financial crisis. A major sovereign debt crisis that was partly caused by overinvestment in health and social services prompted many countries to implement austerity measures to address the debt situation. The austerity measures that were implemented included the reduction of the healthcare and social budgets in addition to the banking bailouts that happened between 2009 and 2015. These cuts helped solve the banking crisis in the short term, although some European countries reentered into recession between 2017 and 2019. The corporate liquidity crisis that began in late 2019 shortly before the coronavirus pandemic caused several European governents to implement austerity measures in a much more painful way than the United Kingdom's austerity program. All of the governments of the British Isles are set to implement those same austerity measures in 2022 and beyond to try to resolve this crisis. Austerity measures increase poverty which results in a rise of fascist governments. Take Greece for example; the country began implementing austerity measures between late 2009 and early 2010 after the country's debt to GDP ratio reached 127%. These austerity measures were not enough to stabilize the country's GDP, which dropped by 6.4% in 2011 and caused the debt to GDP ratio to increase to 179% before the crisis ended in 2018. Greece responded to the crisis by implementing cuts in health and social services, which made it woefully unprepared for the coronavirus pandemic because many Greek hospitals were affected by the sovereign debt crisis and were thus forced to close.