Brussels, 23/07/2014 (Agence Europe) - In the first quarter of 2014, the seasonally-adjusted general government deficit to GDP ratio stood at 2.7% on average in the eurozone, virtually unchanged from the fourth quarter of 2013, according to figures released by the EU's statistical office, Eurostat, on Wednesday 23 July.
The deficit stood at 1.9% on average in the EU28, a sharp fall on the 3.1% recorded in the previous quarter, largely due, explains Eurostat, to “one-off effects”.
In...