Red Ice News

The Future is the Past

Eurozone Debt Levels Reach Record High
New to Red Ice? Start Here!

Eurozone Debt Levels Reach Record High

Source: ibtimes.co.uk

Eurozone government debt levels reached the highest level on record last year, the region’s official statistics office said, even as austerity measures around the single currency area narrowed budget deficits levels amid a deepening recession.

Government debt as a percentage of the eurozone economy 3.3 percentage points to 90.6 percent at the end of last year, Eurostat said Monday in a statement published on its website. At the same time the collective budget deficit of the 17 countries that use the single currency fell to 3.7 percent of Eurozone GDP from 4.2 percent the previous year, Eurostat said. Around the 27-memeber European Union, which includes Great Britain, the figures fall to 85.3 percent and 4 percent respectively.

Britain’s debt was measured at 90 percent of GDP, according to Eurostat, one of only seven members of the European Union to breach the 90 percent threshold. Its annual deficit was pegged at 6.3 percent of GDP, equal to that of Cyprus and larger than any eurozone economy outside rescued Ireland, Portugal and Spain.

[...]

Read the full article at: ibtimes.com

Comments

We're Hiring

We are looking for a professional video editor, animator and graphics expert that can join us full time to work on our video productions.

Apply

Help Out

Sign up for a membership to support Red Ice. If you want to help advance our efforts further, please:

Donate

Tips

Send us a news tip or a
Guest suggestion

Send Tip

Related News

STDs Reach Record High in America
STDs Reach Record High in America
Street Microphones to Help Swedish Police Hear Shots and Screams Amid Record-High Crime
Street Microphones to Help Swedish Police Hear Shots and Screams Amid Record-High Crime

Archives Pick

Red Ice T-Shirts

Red Ice Radio

3Fourteen

Dear Cucks, Only One Kind of Nationalism Will Save the West
Faith Goldy & Lauren Rose - Dear Cucks, Only One Kind of Nationalism Will Save the West
Debunking the Claim that Nationalism Is Hostile Towards Women
Ayla, Bre Faucheux, Kirsten Lauryn & PhilosophiCat - Debunking the Claim that Nationalism Is Hostile Towards Women

TV

Weekend Warrior Ep49 - The "Globalists" Are Dreaming of an Anti-White Christmas
Weekend Warrior Ep49 - The "Globalists" Are Dreaming of an Anti-White Christmas
White DNA Is An "Abomination"
White DNA Is An "Abomination"

RSSYoutubeGoogle+iTunesSoundCloudStitcherTuneIn

Design by Henrik Palmgren © Red Ice Privacy Policy