herald

Saturday 21 October 2017

Greek figures revised

EU regulators have delayed publication of revised debt and deficit figures for Greece covering the years from 2006 to 2009.

EU Economic Affairs Commissioner Olli Rehn said in Luxembourg that the figures for 2006 to 2009 were unlikely to be available until mid-November.

The data has been revised upwards after years of underestimating the country's debt.

The figures for other countries confirmed that Ireland's 2009 deficit hit 14.4pc of GDP, up from 7.3pc in 2008 and the largest in the EU.

The 2010 deficit in Ireland is tipped to hit 32pc. The UK deficit last year was 11.4pc, while Spain's was 11.1pc.

Luxembourg's was lowest at 0.7pc.

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