Tuesday, 23 April 2013

Support for financial institutions increases government deficits in 2012

Issue number 10/2013 via Eurostat Statistics in focus

Upward impact of 0.4pp GDP in the EU and 0.6pp in the euro area.

In 2012 public interventions to support financial institutions, notably in the form of bank recapitalisations, increased government deficits in a majority of Member States that reported such interventions. The increase was particularly large in Greece (4.0 percentage points of GDP) and Spain (3.6pp GDP).

Full text (PDF 6pp)

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