Friday, July 25, 2014

Euro debt burden stuck at high 90 percent of GDP

February 20. 2013 3:17AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Government debt in the countries that use the euro was stuck at 90 percent of gross domestic product at the end of last year's third quarter despite countries' efforts to improve their finances by cutting spending and raising taxes.

The European Union's statistical agency, Eurostat, said Wednesday that total government debt across the 17 EU countries that use the euro was barely changed from 89.9 percent of GDP three months earlier. It was up from 86.8 percent a year earlier.

More than three years after the debt crisis started in Greece, several eurozone countries are in recession and that's making it harder for them to get debt under control.

Government debt across the entire 27-nation EU totaled 85.1 percent at the end of September, compared with 85 percent in June.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds