News Summary: Eurozone debt stuck amid low growth

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DEBT STUCK: The eurozone failed to reduce its government debt in the third quarter of 2012, as meager growth offset efforts by several of the bloc's 17 nations to improve their finances. Total government debt relative to annual economic output was 90 percent of gross domestic product.

SHRINKING ECONOMIES: It has been difficult for eurozone countries to get debt levels under control because shrinking output makes the value of a country's debt as a proportion of the size of its economy worse.

UNEVEN LEVELS: Average debt across the eurozone isn't a big problem, but there is a disparity among states. Countries like Greece, Portugal and Ireland have a much higher debt burden than others.

 
 
 

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