Late 2000s recession in Europe Recession Europe Denmark 20082009 Irish Financial Crisis 20082009 Spanish Financial Crisis 20082009 Icelandic Financial Crisis 20082009 Russian Financial Crisis High Quality Content by WIKIPEDIA articles! While beginning in the United States the late 2000s crisis spread to Europe rapidly and has affected much of the region with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe, as Denmark was the ... more »first country to fall in recession.« less