Markets give up the gains – Greek budget deficit spiked to 13.6 percent of national income in 2009, way more than thought
Financially-stricken Greece is showing an even bigger budget deficit for 2009 than previously thought.
Figures Thursday from the European Union’s statistics office show that the budget deficit in 2009 as a percentage of economic output was 13.6 percent — up from the previous estimate of 12.9 percent.
The Eurostat figures also show the difficult state of government finances across the EU — Ireland, which has enacted tough pending cuts, had the highest deficit across the 27-nation EU at 14.3 percent of gross domestic product.
The lowest was recorded in Sweden, where the budget deficit was only worth 0.5 percent of the country’s GDP.
Similar Posts:
Latest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis