Europe has faced major financial crises recently, leading to new crisis management strategies. The European Stability Mechanism (ESM) and Outright Monetary Transactions (OMTs) have shifted how Europe deals with economic problems. While progress has been made in reforming economies, some countries still need financial help. The costs of aiding struggling countries are straining donor economies. The current crisis management approach has calmed markets but is becoming more expensive. Europe must make fundamental decisions about the future of the euro area and European integration.