European Union website, the official EU website

Money and the EU

The EU budget is funded from sources including a percentage of each member country's gross national income. It is spent on efforts as diverse as raising the standard of living in poorer regions and ensuring food safety. The euro is the common currency of most EU countries.


The economic crisis has prompted intense and sustained action by the EU's national governments, the European Central Bank and the Commission since it erupted worldwide in 2008. All have been working closely together to support growth and employment, protect savings, maintain a flow of affordable credit for businesses and households, ensure financial stability, and put in place a better governance system for the future.