Austria: Debt Rate Rises Unstoppably

People ♦ Published: January 22, 2014; 12:26 ♦ (Vindobona)

In the third quarter last year the Austrian public debt rate increased significantly compared to the previous quarter.

Austria: Debt Rate Rises Unstoppably / Picture: © Vindobona.org

The Austrian debt rate increased to 77.1 percent of GDP in the third quarter last year up from 75.2 percent in the previous quarter. The Eurozone’s debt rate, on the other hand, saw a different development with debts dropping slightly from 93.3 to 92.6 percent while in the European Union (EU 28) the debt rate increased marginally from 86.7 to 86.8 percent.

In regard to the…

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