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:
Spain jobless rate down: official data (1 hr 27 mins ago)
German industry downgrades growth forecast (2 hrs 19 mins ago)
UK retail sales fall in warm September: data (2 hrs 21 mins ago)
Eurozone business activity picks up, worries remain: survey (2 hrs 55 mins ago)
Hang Seng dips on profit-taking (10-23 16:41)
European stock markets drop at open (10-23 16:09)
Daimler says profits up strongly in Q3 (10-23 16:09)
Tesco chairman quits over profits fiasco: company (10-23 15:07)
Nikkei ends lower (10-23 15:03)
Manufacturing moving from China to US: survey (10-23 12:28)

More breaking news >>

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