Euro Area debt reaches record high in 2011

Source: Bloomberg
Euro Region debt climbed last year reaching the record high since the introduction of shared currency as governments boosted borrowing in order to restrict national deficits and finance bailouts. The total debt of 17 countries surged to 87.2% of GDP in 2011 compared to 85.3% of GDP in 2010. Greece was leading debtor with 165.3% of GDP whereas Estonia possessed the least at 6% of GDP.
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Mon, 23 Apr 2012 10:03:25 GMT

Oil declines as Chinese demand eases

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Mon, 23 Apr 2012 09:33:11 GMT

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