During the economic crisis (2007- 2014), the national banking and financial systems of the 17Euro Area countries received state aid, but with important differences. During the years of the crisis, Italian banks received state aid amounting to approximately €4 billion. This compares with almost €262 billion for the German banks, and €207 billion for the British banks.
In one year, the total amount of aid within the European Union went from approximately €681 billion to €656 billion according to Eurostat. Of this amount, aid granted in the Euro Area decreased from €511.7 billion to €492.4 billion. In Italy's case, the exposure went from approximately €4 billion to the €1.1 billion today.
Eurostat data show that the national banking and financial systems of the 17 Euro Area countries received government aid in varying proportions during the economic crisis (2007-2013). Italian banks received government support equal to approximately 4€ billion, compared with 250€ billion in Germany and €165 billion in Great Britain.