Arab Today, arab today eurostat eurozone government debt off highs still far above limit
Last Updated : GMT 18:13:02
Arab Today, arab today
Arab Today, arab today

Eurostat: Eurozone government debt off highs, still far above limit

Arab Today, arab today

Arab Today, arab today Eurostat: Eurozone government debt off highs, still far above limit

Brussels - AFP

Eurozone government debt levels eased in the third quarter of last year for the first time since 2007 but still remained way above the EU limit, official data showed on Wednesday. Total accumulated debt in the then 17-nation eurozone was equal to 92.7 percent of gross domestic product in 2013 third quarter, down from 93.4 percent in the three months to June, the Eurostat statistics agency said. The European Union ceiling for public debt is 60 percent of GDP but most member states have breached this level, a situation made worse as governments borrowed to fund economic stimulus or make up for shortfalls in tax revenue during the debt crisis. Eurostat said the downturn was the first in absolute terms since the fourth quarter 2007, at the beginning of the global financial crash which was followed by the eurozone debt crisis. In third quarter of 2012, eurozone public debt stood at 90 percent and increased over the following year. The countries with the worst debt levels at the end of third quarter 2013 were twice-bailed out Greece on 171.8 percent and Italy 132.9 percent while Portugal and Ireland, who also had to be rescued, were on 128.7 percent and 124.8 percent respectively. Estonia boasted the lowest level at just 10 percent. In the 28-member European Union, third quarter 2013 public debt edged up to 86.8 percent from 86.7 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurostat eurozone government debt off highs still far above limit Arab Today, arab today eurostat eurozone government debt off highs still far above limit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurostat eurozone government debt off highs still far above limit Arab Today, arab today eurostat eurozone government debt off highs still far above limit

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday