According to data released by Eurostat, the European Union's (EU) statistics office, the euro zone's 2010 budget gap amounted to 6.0% of GDP, down from 6.3% in 2009. All countries in the 17-nation group, with the exception of Germany, Luxembourg, Austria and Ireland, improved their budget balances, although debt rose in 16 of the 17; the only exception was Estonia. Public debt amounted to 85.1%, up from a 2009 balance of 79.3%.
In comparison, the US budget deficit is estimated by the IMF to be around 10.76 percent of GDP and Public debt more than 90%
EU-Digest
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