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EU response to the crisis

From the deepest economic crisis the world economy has seen since the great depression, Europe is emerging with new common institutions and a greater commitment to shared responsibility and solidarity.

Understand why the crisis happened and how Europe responded: European Economy Explained (available in 23 languages).

Emerging stronger from the crisis: the European vision

This video offers a brief overview of how the EU has found solutions to tackle the financial crisis, how it is reinforcing its economic and monetary union and how this is paving the way towards a strong political union.

Date: 11.09.2012
Duration 6:15

Key events this month

October 2014: Flash Consumer Confidence Indicator

23/10/2014European Commission Press release Brussels, 23 October 2014 October 2014October 2014 In October 2014, after four months of decline, the DG ECFIN flash estimate of the consumer confidence indicator increased slightly in the EU (by 0.6 points to -7.4) and remained broadly stable in the euro area (+0.3 points to... 

Government debt increased to 92.7% of GDP in euro area and to 87.0% in EU28

23/10/2014At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. In the EU28, the ratio increased from 86.0% to 87.0%. Compared with the second quarter of 2013, the government debt to GDP ratio rose in both the euro area (from 91.7% to 92.7%) and the EU28 (from 85.1% to 87.0%). 

Euro area and EU28 government deficit at 2.9% and 3.2% of GDP respectively

21/10/2014In 2013, the government deficit of both the euro area (EA18) and the EU28 decreased in absolute terms compared with 2012, while the government debt rose in both zones. In the euro area the government deficit to GDP ratio decreased from 3.6% in 2012 to 2.9% in 2013 and in the EU28 from 4.2% to 3.2%. In the euro area the government debt to GDP ratio increased from 89.0% at the end of 2012 to 90.9% at the end of 2013 and in the EU28 from 83.5% to 85.4%. 

Statement by Vice-President Katainen on Greece

16/10/2014European Commission Brussels, 16 October 2014 Statement Greece has made immense progress in creating a basis for a sustainable growth model, based on sound public finances, a more competitive economy and a robust, effectively supervised financial sector. 

Euro area annual inflation down to 0.3%

16/10/2014Euro area annual inflation was 0.3% in September 2014, down from 0.4% in August. This is the lowest rate recorded since October 2009. In September 2013 the rate was 1.1%. Monthly inflation was 0.4% in September 2014.  

Speaking points of Vice-President Jyrki Katainen at the Eurogroup press conference

13/10/2014European Commission [Check Against Delivery] Jyrki Katainen Vice-President for Economic and Monetary Affairs and the Euro Luxembourg, 13 October 2014 Good evening. I will make a few remarks on the work that lies ahead of us in the coming weeks. The recovery in Europe is still underway. 

Statement by the European Commission and the European Central Bank following the second post-programme surveillance mission to Spain

13/10/2014European Commission Brussels, 13 October 2014 Statement Staff from the European Commission, in liaison with the European Central Bank, carried out the second post-programme surveillance visit to Spain on 6-10 October. The European Stability Mechanism participated in the meetings on aspects related to its own Early Warning System. 

Industrial producer prices down by 0.1% in both euro area and EU28

02/10/2014In August 2014, compared with July 2014, industrial producer prices fell by 0.1% in both the euro area (EA18) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July prices decreased by 0.2% in both zones. 

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