Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 10 Oct 2009Fiscal shortfalls in Ireland, Greece and Malta tripled EU deficit last year
THE EU’s budget deficit tripled last year, swelled by shortfalls in Greece, Ireland and Malta, according to new data released by the EU’s statistical agency.
The budget gap accelerated from 0.8 per cent of gross domestic product (GDP) at the end of 2007 to 2.3 per cent last year in the 27-member bloc, said Eurostat, and rose from 0.6 per cent to 2.0 per cent in the 16 countries using the euro, falling short of the EU’s 3 per cent limit.
Choose a Subscription type - required
