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Eurozone government debt falls
06.02.2012
Categories:
Eurozone, European Union
Eurozone government debt falls
Public sector debt across the eurozone fell to 87.4pc of GDP in the third quarter of 2011, according to the European Union.
In its first quarterly publication of government debt figures, the EU’s statistics agency Eurostat said the combined debt of the 17 eurozone governments was 87.4pc of GDP at the end of the third quarter, down from 87.7pc at the end of the second quarter, but up from 83.2pc at the end of the third quarter of 2010.
The total debt amassed by the EU members was €8.191trn.
Germany was the biggest debtor, with €2.089trn outstanding at the end of September 2011, followed by Italy with €1.884trn and France with €1.689trn.
Those with the highest debt-to-income ratios included Greece at 159.1pc, Italy at 119.6pc, Portugal at 110.1pc and Ireland at 04.9pc.
Karina Corbett
Categories:
Eurozone, European Union