Abstract: Through the empirical studies of the relative influencing factors of EU debt crisis and its impact on the other countries, some valuable suggestions can be provided for the social governance during the post-crisis era after the EU debt crisis and for the economical and social development of other countries. This paper argues that social welfare expenditure and public expenditure are two important pushers to the euro zone debt crisis, but the tax, total savings, domestic investment and net exports have different influencing mechanisms on the government debt scale of countries with different types of economic structures. As for the countries involved in debt crisis, such measures as cutting in welfare expenditures, increasing net exports, expanding domestic investments and increasing taxes are simply not effective to resolve the crisis. The most fundamental way is to adjust and reform the EU economic structure and financial system. These experiences and lessons have significant enlightenment for China’s new normal economic development.

Key words: EU debt crisis; welfare spending; economic structure; governments’ debt scale