摘要：Since the Lehman Brothers Bank has declared bankruptcy and launched the world financial crisis,many governments and international institutions have taken different actions in order to counteract negative effects of the crisis.European Union introduced the European Economic Recovery Plan for the years 2009 and 2010 and boosted the borrowing and lending operations outside the general budget.The article tries to assess the role EU general budget in countering the 2008 crisis.Before the crises and presently the EU general budget has been a weak instrument of macroeconomic stabilization policy.The borrowing and lending operations and EFSF mechanism play the crucial role in stabilization.
关键词：Crisis;EU general budget;Function of stabilization
