Brussels, 21/10/2013 (Agence Europe) - Europe continued to consolidate public finances in 2012, but saw an increase in debt levels.
In the eurozone, the government deficit to GDP ratio decreased from 4.2% in 2011 to 3.7% in 2012 and in the EU28 from 4.4% to 3.9% (Croatia was included in the calculation), according to figures released on Monday 21 October by the EU's statistical office, Eurostat. The reduction is mainly due to rising income rather than lower public spending. In 2012 the...