Eurozone debt hits 90 percent of its economy

Publié le par revivall

In spite of years of harsh spending cuts and tax increases, Europe's debt problems are getting worse.

Figures from the EU's statistics office Wednesday showed that, at the end of the second quarter, the total government debt of the 17 countries that use the single currency was worth 90 percent of the group's total economic output for the year — the highest level since the euro was launched in 1999.

Source: yahoo.com

Publié dans Economie

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