The Euro/Australian dollar denotes how many Australian dollars are needed to purchase one Euro. The pairing of the euro (EUR) and Australian dollar (AUD) is said to be a "cross currency" pairing. It is viewed to be a great measure of global risk. EURAUD performance is reliant upon the relationship of two of the world's largest and most influential economies, i.e. the Eurozone and Australia. The currency pair reached its lows during the sovereign debt crisis in 2012 but has recovered since the introduction of the European Central Bank's policy of Outright Monetary Transactions (OMT) otherwise known as the "whatever it takes" measure.