Thursday, October 23, 2014   

Eurozone deficits improve, debt mounts
(04-23 17:10)

Eurozone public finances improved in 2013 as the economy finally turned the corner on a record recession but total debt levels remained dangerously high, official data showed on Wednesday.
The average eurozone government deficit -- the shortfall between revenue and spending -- came in at 3.0 percent last year, in line with the EU ceiling and down from 3.7 percent in 2012, the Eurostat statistics agency said.
Total accumulated debt, however, increased to 92.6 percent of gross domestic product, up from 90.7 percent and compared with the European Union 60-percent limit. --AFP   
Other Business breaking news:
Heineken Q3 sales dip, but toasts 2014 outlook (10-22 18:38)
Boeing and Chinese firm to turn 'gutter oil' into jet fuel (10-22 18:37)
EU's Juncker promises careful look at US trade deal (10-22 18:25)
Apple chief meets Chinese official amid iCloud hacking row (10-22 17:25)
Shaky Japanese economy hit by growing trade deficit (10-22 17:19)
Bank of England keeps rates steady (10-22 17:02)
Hang Seng finishes higher (10-22 16:23)
Soft Australian inflation supports low interest rates (10-22 13:17)
Hang Seng up by lunch (10-22 13:01)
Nikkei bounces back by break (10-22 11:13)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.