The economic crisis is severely affecting many EU policy areas. Observers have been looking very closely at the distressing effects brought about by the austerity measures implemented by European governments. However, little attention has been paid to the impact on the foreign policy of the European Union and its member states. This "ISPI Studies" intends to shed light on this issue and tries to understand to what extent this general disregard has being translating into an increasingly inward-looking attitude of the EU in times of crisis.