Saturday, May 7, 2011
Euro 2009 budget deficit surged to 6.3%.
<P> 22, according to Eurostat preliminary data released by the eurozone 16 countries to meet its budget deficit in 2009 to 6.3% of GDP, and 2% in 2008 compared to the level increased significantly. .</ P> <P> In addition, the euro-zone countries public debt to GDP ratio from 69.4% in 2008 increased to 78.7% last year. .The data also show that in 2009 the EU-27 deficit and public debt, respectively, of their GDP accounted for 6.8% and 73.6%, were well above 2.3% in 2008 and 61.6% level. .</ P> <P> data show that the high-profile public debt crisis of the Greek deficit will exceed 12.9% of the Greek government had forecast, to 13.6%. .In accordance with EU requirements, Greece has made in the previous prediction based on the massive fiscal austerity plan. .The published data show that the EU wanted to achieve its goal of deficit reduction proposed, Greece faces a more daunting task. .</ P> <P> the EU Member States, countries with the highest budget deficit in 2009 as Ireland, 14.3%, with the exception of Greece, the higher the country including Britain, Spain and Portugal, respectively, 11.5%, 11.2% .and 9.4%. .Statistics show that in 2009 the EU member states did not achieve a fiscal surplus. .</ P> <P> In addition, the 27 member states, 12 countries in 2009 public debt exceeded the European Union, "Stability and Growth Pact," the proportion of under 60%, of which most of Italy, reaching 115.8%, Greece tight .up to 115.1% with the later. .</ P>.
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