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Glossary

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10 facts everyone should know:

  • 500 million consumers in the EU
  • 1/3 of a billion people using the Euro on a daily basis
  • €12.1 trillion – combined GDP of EU countries for 2011 – The largest economy in the world and double China's GDP of €6 trillion.
  • 23 million small and medium-sized enterprises in the EU
  • 28.7 million potential jobs to be created by EU programmes – Employment package, research and green growth
  • 1.3% EU growth forecast for 2013
  • Around 3% - forecast EU fiscal deficit by the end of 2012
  • 88% Euro zone total debt as percentage of GDP, compared to 101% in the US and 233% in Japan
  • €1.033 billion – ceiling for 2014-2020 budget proposed by the Commission
  • €800 million – joint lending power of the firewall fund.
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