passd insufficient coordination of policies within the union allowed considerable economic imbalances to arise between the area countries and without a predifined crisis mechanism
In the past, insufficient coordination of economic policies within the monetary union allowed considerable economic imbalances to arise between the euro area countries and left the euro area without a predefined crisis management mechanism.
past, insufficient coordination of policies within the union allowed considerable economic imbalances to arise between the area countries and without a predefined crisis mechanism.