This paper examines the crucial role of European universities in facing and mitigating the impacts of economic crises. Economic downturns have profound effects on societies, leading to unemployment, reduced government budgets, and social unrest. European universities possess a unique set of assets, including research capabilities, expertise in education and training, and close ties with industries and policymakers. This paper outlines the diverse strategies adopted by European universities to support economic recovery, stimulate innovation, and foster resilient societies in times of crisis.