Navigation path

EU Response to the economic and financial crisis - April 2012

The economic crisis has prompted intense and sustained action by the EU's national governments, the European Central Bank and the Commission. All have been working closely together to support growth and employment, ensure financial stability, and put in place a better governance system for the future.

Previous pageNext page

Key events

Opening speech at the European Business Summit by President of the European Council Herman Van Rompuy

02/05/2012

"We welcome the budgetary agreement reached with broad consensus in The Netherlands. It sends a strong signal of commitment to keep Dutch public finances on a strong and sustainable footing with a view to securing the welfare of future generations.''

 

''Growing ourselves out of the crisis''

27/04/2012

Opening speech at the European Business Summit by President of the European Council Herman Van Rompuy

 

EU 2.7 billion Euro 10-year bond for Portugal strongly oversubscribed

27/04/2012

The European Union (EU) issued a € 2.7 billion benchmark bond with 10 years maturity, seeing strong and widespread investor demand with books almost three times oversubscribed. The proceeds will be on-lent to Portugal, as part of its financial assistance package and in addition to a € 1.8 billion 26 year funding operation last week

 

Joint statement following the working breakfast between European Commission President Jose Manuel Barroso and Italian Prime Minister Mario Monti

27/04/2012

"Our discussion this morning focused on the current economic situation in Europe and in the euro area in particular. We face significant challenges in terms of growth and high unemployment.''

 
Joint press release by the IMF and EC Missions in Romania

Joint press release by the IMF and EC Missions in Romania

27/04/2012

The IMF's Mission Chief for Romania, Jeffrey Franks, and acting EC Mission Chief, Joost Kuhlmann, made a statement on programme progress in Romania

 
Report by the EC, ECB, and IMF on the Review Mission to Ireland concludes that Ireland’s policy implementation remains on track

Report by the EC, ECB, and IMF on the Review Mission to Ireland concludes that Ireland’s policy implementation remains on track

26/04/2012

The joint report also said that ensuring recovery in Ireland’s highly open economy will require that these policy efforts continue, and that the external environment improves. The EC and IMF missions will seek approval for the completion of this review from the relevant EU bodies and the IMF Executive Board respectively.

 

Commission welcomes Parliament’s endorsement of risk-sharing instruments for Member States worst hit by the financial crisis to contribute to investment and job creation

19/04/2012

The European Parliament has today approved the Commission’s proposal enabling the use of cohesion policy allocations still available to back-up guarantees and loans by financial institutions such as the European Investment Bank (EIB).

 

Remarks by Vice-President Rehn on the European Investment Bank's contribution to growth and jobs in the EU

19/04/2012

To allow the EIB to do more for growth and jobs, its capital needs to be addressed, i.e. its capital base needs to be increased. This must be done by its shareholders, the Member States.

 

Statement by President Barroso at the European Parliament Plenary Debate: "Economic Crisis in the Euro Zone"

18/04/2012

Mr Barroso said that "our Europe 2020 strategy has a breadth of vision and a depth of substance which goes far beyond any one narrow perspective or single course of action. It also has the flexibility to adapt and to throw up new ideas and indeed be the basis for a new European initiative for growth."

 

 
Commission presents new measures and identifies key opportunities for EU job-rich recovery

Commission presents new measures and identifies key opportunities for EU job-rich recovery

18/04/2012

Presenting the new package, László Andor, EU Commissioner for Employment, Social Affairs and Inclusion said: "current levels of unemployment in the EU are dramatic and unacceptable. Job creation must become a real European priority". See also:

 

Growth and jobs for Greece – FAQ

18/04/2012Frequently asked questions on Growth and Jobs for Greece – European Commission
 

Growth for Greece: Commission points the way to unlock growth and create jobs - press release with video

18/04/2012

Brussels, 18 April 2012 - After many months of crisis, the conditions now exist to start moving from crisis to growth in Greece. Agreement on the Second Economic Adjustment Programme and the success of the debt reduction agreement with the private sector mean that all efforts can now be concentrated on much needed growth and jobs.

 

EU places € 1.8 billion 26-year bond for Portugal

18/04/2012

The European Union (EU) today launched its third long-term bond in 2012, placing € 1.8 billion with a maturity of 26 years. The operation met with widespread investor demand. The proceeds will be on-lent to Portugal following a successful conclusion of the third programme review, as part the financial assistance package decided in May 2011. The transaction was carried out by the European Commission on behalf of the EU under the European Financial Stabilisation Mechanism (EFSM).

 
Commission issues Communication on growth and jobs for Greece

Commission issues Communication on growth and jobs for Greece

18/04/2012

Agreement on the Second Programme and the recent reduction of Greek debt owed to private sector provide an opportunity to create a new dynamic to speed up the badly needed structural reforms.

 

Additional tools

  • Print version 
  • Decrease text 
  • Increase text