Eurostat releases 2013 Maastricht deficits and debt data for member countries

[Tender Branson]

I found some graphics in newspapers (I'm too lazy right now to post a table with all the data) ...

2013 Budget Deficits in % of GDP:



2013 Debt as a % of GDP:



Official Data:

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-23042014-AP/EN/2-23042014-AP-EN.PDF

[Tender Branson]

Germany (along with Luxembourg) were the only countries with a budget surplus last year.

Germany also managed to decrease their debt as a % of GDP from 81% to 78%.

Greece actually had a primary budget surplus last year, but interest payments and bank aids etc. were enough that the overall deficit was 12.7% ...

[True Federalist (진정한 연방 주의자)]

Given those figures, why hasn't Belgium had a debt crisis yet?

[Tender Branson]

Given those figures, why hasn't Belgium had a debt crisis yet?

Probably because Belgium gets always touched with silk gloves (you know, seat of the EU and so on).

[Gustaf]

Ernest, Belgium has had this debt for ages, similar to Japan. So it's not a new thing. I guess people have more faith in their ability to pay back.