Eurozone deficits and debt declined in Q3 2021
But debt levels in the bloc remain at high levels, especially in Southern Europe
Budget deficit and public debt levels in the eurozone declined in the third quarter of 2021, according to official data released today (January 21).
But both indicators remain high across the region due to the stimulus programmes implemented in response to the Covid-19 pandemic. The bloc’s fiscal rules state government deficits should not be more than 3% of GDP, and public debt should below 60% of GDP.
According to official statistical agency Eurostat, the eurozone’s ratio of seasonally
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