Euroz Zone's debt grows in Q1

Source: Reuters
© Scanpix/Reuters
Euro zone public debt jumped to 93.9% of the economic output in the first quarter of this year drawing near the peak it is planned to reach towards the end of 2014. The debt amounted to 9.055 trillion euros in the first three months of this year opposed to 8.905 trillion euros in the fourth quarter of 2013. The European Commission anticipates the debt to top out at 96% of the GDP this year and slide to 95.4% in 2015.

 

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