In the year of 2009 the European economy endured a deep recession，with a 4.2% slump of the GDP of the EU as a whole，and a negative growth for almost all the member states. It started to recover slowly at the beginning of 2010，with accelerated growth at the second quarter，spurred first and foremost by the robust dynamics of German economy. It is estimated that the EU economy as a whole will grow at a rate of around 1.8% in the year 2010 and that it will remain the same as or slightly lower than that of 2010 in 2011. The large-scale financial stimulus policies carried out during the crisis has deteriorated the financial situation of the EU countries and in order to put an end to the continuous going up of governments’ debts，the Council established a fiscal exit strategy and formulated policies specific to each member state，who has correspondingly begun to implement the fiscal consolidation policy within the framework of the Stability and Growth Pact.