ECONOMY / (ae) economy

Falling deficits and rising debt in eurozone and EU

Brussels, 23/10/2012 (Agence Europe) - According to data published on Monday by the European Union Statistical Office, in 2011 the government deficit of both the euro area and the EU27 decreased in absolute terms compared with 2010, while government debt rose in both zones.

In the eurozone the government deficit to GDP ratio decreased from 6.2% in 2010 to 4.1% in 2011. Only Estonia registered a budget surplus (+1.1% of GDP). The lowest government deficits relative to GDP were recorded in...