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Currency Analyst since 2010

Euro area: debt mounts

According to the EU’s statistics office Eurostat, euro zone’s government debt rose from 8.90B euro in Q4 2013 (92.7% of GDP) to 9.05B euro in Q1 2014 (93.9% of GDP). The biggest increases in debt were in Slovenia and Belgium (7 and 3.9 percentage points respectively).

Greece, the bloc’s third-biggest economy Italy and Portugal have the highest debt levels (174.1%, 135.6% and 132.9% of GDP respectively).

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