This ETUI Working Paper analyses the fiscal stimulus packages implemented by EU Member States against the background of the on-going economic crisis. Alongside the overall volume of the packages, the study, which is based on a survey of national experts, considers their content and also the involvement – or lack of it – of the social partners and particularly trade unions.

 Overall the packages offer only a ‘quantum of solace’ to Europe. Against this background the widespread self-satisfaction on the part of European and national policymakers about the response to the crisis, and an increasing focus on early exit strategies from fiscal stimulus are inappropriate. European governments, faced with the unprecedented scale of the crisis, have taken action to stimulate their economies. But the crisis has exposed weaknesses in economic governance in Europe that should be addressed as part of the reforms being planned to ensure that such crises are not repeated in future.

Table of contents

A quantum of solace? An assessment of fiscal stimulus packages by EU Member States in response to the economic crisis_2009

Télécharger la version intégrale

Related content

Beyond the CEE 'black box': crisis and industrial relations in the new EU member states

This working paper maps out developments of industrial relations in Central-Eastern Europe (CEE) during the period 2008-2014. It looks at wage trends and public sector austerity measures, collective bargaining practices, social dialogue performance and the incidence of strikes and protests.The paper concludes that the crisis posed tough challenges... Find out more

Sotiria Theodoropoulou, Andrew Watt

Withdrawal symptoms: an assessment of the austerity packages in Europe

Based on a survey of national experts, this Working Paper evaluates from a European and national comparative perspective the austerity packages that the governments of EU member states have announced and implemented following the recent financial crisis and the Great Recession. The study raises serious doubts about the drive for austerity being... Find out more

Collective bargaining responses to the economic crisis in Europe

This Policy Brief provides an overview of collective bargaining responses to the crisis in Europe. It shows clearly that collective bargaining has proven to be an effective instrument to maintain employment and to allow companies to find flexible solutions to deal with the steep economic downturn. They note, though, that the increased pressure for... Find out more

Plant-level responses to the economic crisis in Europe

How are social policy actors in major sectors of the European economy responding to the current economic and financial crisis? This working paper summarises the plant-level responses of social policy actors to the symptoms of the current recession between October and mid January 2009. It examines how, during this period, organised labour and... Find out more

Government and trade union responses to the economic crisis in the financial sector

This working paper provides an overview of government and trade union responses to the economic crisis in the financial sector. It provides a comparative presentation of trade union and government responses to the crisis with particular emphasis on the country-specific conditions and practices of collective bargaining and social dialogue. It is... Find out more

The economic crisis: impacts and policy responses in south-east Europe

SEER Journal for Labour and Social Affairs in Eastern Europe SEER, Volume 12 (2009), Issue 1, ISSN: 1435-2869, ISSN online: 1435-2869, https://doi.org/10.5771/1435-2869-2009-1 Browse Volumes and Issues: SEER Journal for Labour and Social Affairs in Eastern Europe Find out more

The economic crisis: impacts and policy responses in south-east Europe – part II

SEER Journal for Labour and Social Affairs in Eastern Europe SEER, Volume 12 (2009), Issue 2, ISSN: 1435-2869, ISSN online: 1435-2869, https://doi.org/10.5771/1435-2869-2009-2 Browse Volumes and Issues: SEER Journal for Labour and Social Affairs in Eastern Europe Find out more