Eurozone's government deficit shrinks to 3% in 2013

Government deficit of the Eurozone narrowed last year matching the European Union's target for the period, however public debt in the area increased and stayed above the EU official ceiling, the latest report published by Eurostat showed on Wednesday. According to the report, the 18-nation bloc deficit shrunk to 3% in 2013 from a level of 3.7% in 2012.