According to the newest set of data released by the Eurostat, the government debt to GDP ratio in the euro area amounted to 90.0% in the second quarter of 2012, compared with 88.2% at the end of the first quarter of 2012. In the EU27 the ratio rose from 83.5% to 84.9%. Compared with the second quarter of 2011, the ratio increased in both the euro area (from 87.1% to 90.0%) and the EU27 (from 81.4% to 84.9%).
The highest ratios of government debt to GDP at the end of the second quarter of 2012 were recorded in Greece (150.3%), Italy (126.1%), Portugal (117.5%) and Ireland (111.5%), and the lowest in Estonia (7.3%), Bulgaria (16.5%) and Luxembourg (20.9%).
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19th June 2018