In 2009, economic stimulus efforts by European Union countries in the form of tax cuts and new government expenditures will total about 110.2 billion euros, or $143 billion, approximately 0.8 percent of the Union's gross domestic product. Below are the planned stimulus packages for the 13 E.U. member states that account for 90 percent of the E.U. market.
Tax cuts and fiscal expenditures for the 13 largest European Union countries
Billions, % GDP
in EurosGermany 35.8 1.4 United Kingdom 16.7 1.0 France 14.3 0.7 Spain 12.3 1.1 Austria 3.9 1.3 Netherlands 2.2 0.4 Poland 1.6 0.5 Belgium 1.2 0.3 Sweden 0.1 0 Denmark 0.0 0 Ireland 0.0 0 Greece 0.0 0 Italy -0.3 0
This article appeared in the Saturday, January 31, 2009 edition of National Journal.
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