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Image header Agence Europe
Europe Daily Bulletin No. 10256
Contents Publication in full By article 13 / 43
GENERAL NEWS / (eu) eu/economy

First “reliable” Greek statistics in five years

Brussels, 15/11/2010 (Agence Europe) - On Monday 15 November, the European Statistical Office (Eurostat) published updated figures on the Greek public deficit (-15.4%) and debt (-126.8%) calculated using Eurostat's new auditing powers. A spokesperson for EU Economic and Monetary Affairs Commissioner Olli Rehn said this was the first time in five years, or even six years, that the figures for Greece are not accompanied by “yes, buts”. He said that the debt reduction targets set by Greece in its economic adjustment programme have not changed. An international fact-finding mission is currently in Greece to monitor application of the austerity measures, the introduction of new measures not being ruled out. The public deficit figures published by Eurostat recently include Ireland (-14.4%), the United Kingdom (-11.4%), Spain (-11.1%), Latvia (-10.2%) and Portugal (-9.3%). No member state had a budget surplus in 2009. Twelve member states overshot the 60% of GDP mark for their public debt. Greece (see above) and in decreasing order of debt: Italy (116%), Belgium (96.2%), Hungary (78,4%), France (78.1%), Portugal (76.1%), Germany (73.4%), Malta (68.6%), the United Kingdom (68.2%), Austria (67.5%), Ireland (65.5%) and the Netherlands (60.8%). (M.B./transl.fl)

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