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Eurozone: Government Deficit Decreased to 3.7 % in 2012
Euro area and EU27 government deficit at 3.7% and 4.0% of GDP respectively. Government debt at 90.6% and 85.3%
Eurozone: Government Deficit Decreased to 3.7 % in 2012 / Picture: © European Commission
In 2012, the government deficit of both the euro area (EA17) and the EU27 decreased in absolute terms compared with 2011, while the government debt rose in both zones. In the euro area the government deficit to GDP ratio decreased from 4.2% in 2011 to 3.7% in 2012, and in the EU27 from 4.4% to 4.0%. In the euro area the government debt to GDP ratio increased from 87.3% at the end of…
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