Financial turmoil: Its impact on quarterly government accounts

In recent years, Eurostat has significantly expanded the range of integrated quarterly data available on government finances, providing a timely and increasingly high quality picture of the evolution of government finances in the EU. These data now reflect non-financial, financial and debt aspects, and cover all countries in the European Union. This publication examines the main features of these data as they reflect the lead-up to and stages on the economic and financial crisis, based on data transmitted by Member States at the end of September 2009. This publication complements the SiF recently published which provides an in-depth analysis of quarterly non-financial accounts (number 93/2009).