On the 10–13 June 2004, the 25 member states participated in the largest trans-national election in history (with the second largest democratic electorate in the world). The result of the sixth Parliamentary election was a second victory for the European People's Party-European Democrats group. It also saw the lowest voter turnout of %, the second time it had fallen below 50%.  On 22 July 2004, José Manuel Barroso was approved by the new Parliament as the next Commission President. However, his new team of 25 Commissioners faced a tougher road. With Parliament raising objections to a number of his candidates he was forced to withdraw his selection and try once more. The Prodi Commission had to extend their mandate to the 22 November after the new line-up of commissioners was finally approved. 
The EU and the European Central Bank (ECB) have struggled since the global financial market collapse of 2008 to deal with very high sovereign debt and collapsing growth in Portugal, Ireland, Greece and Spain. Greece and Ireland received financial bailouts from the community in 2009, which were accompanied by fiscal austerity . Portugal followed in 2011, along with a second Greek bailout . Multiple rounds of interest rate cuts and economic stimulus failed to resolve the problem. Northern countries such as Germany, the United Kingdom and the Netherlands increasingly resent the financial drain from the south. Repeated rumors that Greece would be forced to withdraw from the euro failed to materialize amid disagreement as to whether the move was legally possible as it was not covered in the Maastricht Treaty.