Article Tools

Rise in Public Debt Unstopped

Published: July 23, 2012; 16:58 · (Vindobona)

In the Euro area, government debt was up to 88.2% of GDP. Due to the European debt crisis, Austria´s public debt level will increase from 72.2% to 74.7% of the country´s GDP.

Rise in Public Debt Unstopped / Picture: © Vindobona.org

At the end of the first quarter of 2012, the government debt1 to GDP ratio2 in the euro area3 (EA17) stood at 88.2%, compared with 87.3% at the end of the fourth quarter of 2011. In the EU273 the ratio increased from 82.5% to 83.4%. Compared with the first quarter of 2011, the government debt to GDP ratio rose in both the euro area…

This article includes a total of 248 words.

or Log In

Fast News Search
Related News
Slovenia in Financial Distress (July 21, 2012)
Fekter Does not Want to Bundle Austrian Problem Banks (July 19, 2012)
Record Low for Interest Rates on Austrian Sovereign Bonds (July 18, 2012)
Fischer Signs ESM and Fiscal Pact (July 17, 2012)
Further Increase in Austrian National Debt (July 16, 2012)
Read More
Eurozone, EU European Union, Fiscal Policy, Public Debt, Budget Deficit
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter