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The Grand Duke's palace in Luxembourg, the biggest EU destination for outside money (Photo: Cesar Poyatos)

Financial crisis saw massive drop in EU investment

The worldwide financial crisis, which erupted in late 2008, saw foreign investors massively cut their flow of money to the EU.

The European Commission put out the figures, covering 2010, on Monday (27 June), on the eve of a vote by Greek MPs on further austerity cuts designed to win credibility among institutional lenders like the International Monetary Fund, and the private sector.

The numbers show that foreign direct investment (FDI) to the EU, which includes investment in fore...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

The Grand Duke's palace in Luxembourg, the biggest EU destination for outside money (Photo: Cesar Poyatos)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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