Regions tackling the economic crisis

What are regions and cities doing to fight the economic downturn? What strategies have they adopted? What policy areas do they consider important in this context? Regions in the whole of Europe are affected by the economic crisis and, although the effects differ from on part of Europe to the other, they have invested great amounts to salvage their industries and reduce the burdon on SMEs and citizens.

Regions and their elected politicians have a responsibility to fight for the interests of their citizens, to improve and strengthen the regional and local economy, to promote employment opportunities and to support the development of a sound and robust financial system in their territories. They are therefore heavily challenged to battle against the economic crisis. Although macro-economic strategies and bigger financial aid programmes primarily do not correspond to the competences of regions, this does not prevent them from taking action. Regions can respond more accurately to the specific needs of the regional economy and take into consideration the regional employment situation. 

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