Due to the escalation of the sovereign debt crisis and the deterioration of the global economy,the economic growth in the EU began to decelerate since the second quarter of 2011.A lack of market confidence led to a decrease in private investment and consumption,and as s result,the EU economy headed for a shallow recession from the fourth quarter of 2011 to the second quarter of 2012.The series of policies promulgated by the EU since June 2012 has effectively increased market confidence, the EU's economy began to show a sign of recovery. <<