Eurozone deficits improve, debt mounts as crisis fades
April 24, 2014 00:00:00
BRUSSELS, Apr 23 (AFP): Eurozone public finances improved in 2013 as the economy finally turned the corner on a record recession but total debt levels remained dangerously high, official data showed on Wednesday.
The average eurozone government deficit -- the shortfall between revenue and spending -- came in at 3.0 per cent of output last year.
That was in line with the European Union ceiling and down from 3.7 per cent in 2012, the Eurostat statistics agency said.
