ECONOMY - FINANCE - BUSINESS / (ae) economy

Eurostat says deficits going down, but public debt going up

Brussels, 23/04/2012 (Agence Europe) - The European Union's statistical office, Eurostat, published its final budget deficit/surplus figures on Monday 22 April 2012 for the 27 EU member states. The average public deficit fell in 2011 on the 2010 levels in both the eurozone and the EU27 from 6.2% to 4.1% of GDP, while the public debt increased in both areas over the same period from 85.3% to 87.2% of GDP in the eurozone and from 80.0% to 82.5% in the EU27.

In 2011, the biggest public...