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Eurozone public debt falls for the first time since 2007

Public debt in the Eurozone fell in the third quarter of 2013 compared to the previous quarter, settling at 92,7% of GDP: it is the first drop since the fourth quarter of 2007.

Eurozone public debt falls for the first time since 2007

The public debt of the Eurozone in the third quarter of 2013 decreased compared to the previous quarter, settling at 92,7% of GDP. It was at 93,4%, so -0,7 points. It is the first decrease since the fourth quarter of 2007. This is indicated by Eurostat. In absolute values, the debt fell from 8.875,107 billion in the 2nd quarter to 8.841,823 billion in the 3rd.  

The Italian public debt remains the second highest as a percentage of the GDP of the entire EU but fell in the third quarter of 2013 (132,9%) by 0,4 points compared to the previous quarter (133,3%). It is the first reduction since the third quarter of 2011. This is still indicated by Eurostat. In absolute terms it fell from 2.076,371 billion to 2.068,722 billion euros.  

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