Eurozone member states expected to reduce borrowing in 2016. - Eurozone member states will significantly reduce their gross state borrowing emissions in 2016 according to research by Deutsche Bank, estimating eurozone total emissions to be in the order of €858 billion next year, €30 billion less than this year's total of €887.9 bn. Six countries will reduce borrowing from the markets next year, viz. Italy (gross state borrowing emissions of €230 bn forecast for 2016 compared with €250 bn in 2015), Spain (€130 bn compared with €142 bn), the Netherlands (€37 bn compared with €48 bn), Portugal (€17 bn compared with €19.3 bn), Ireland (€10 bn compared with €13.5 bn) and Slovenia (€4 bn compared with €6.5 bn). France is expected to borrow the same amount in 2016 as in 2015 (€187 bn). Other members of the eurozone will borrow more in 2016 than in 2015, viz. Germany, which will borrow €165 bn next year compared with €156 bn this year, Belgium (€35 bn compared with €32.5 bn in 2015), Austria (€20 bn compared with €18 bn in 2015), Finland (€16 bn compared with €10 bn in 2015) and Slovakia (€7 bn in 2016 compared with €5.1 bn in 2015). To calculate the figures, Deutsche Bank used estimates because so far only France, the Netherlands and Portugal have published their official state borrowing plans. Deutsche Bank used the figures for the repayment of debt arriving at maturity and state financing requirements from economic analyses. The Natixis bank has carried out similar estimates and reached similar conclusions for total state borrowing for eurozone nations, which it expects to total €872 bn in 2016. (Original version in French by Isabelle Lamberty)