It's not the same, but it's probably the closest thing, because European liberals are advocates of less taxes, less government regulation and intervention, less welfare state, and in general oppose any kind of socialism and Keynesian economic policies. It's quite opposite of what 'liberals' in the US advocate for, when it comes to government role and economic policies.

'Liberalism' as used when refering to Democratic Party policies in the US, is generally refered as social democracy or social liberalism in Europe.

Here's another source from Wikipedia: https://en.wikipedia.org/wiki/Modern_liberalism_in_the_Unite...