Wednesday, October 24, 2012

Eurozone Debt Burden Rises to 90 Percent of Its Economy Despite Raft of Austerity Measures

The Washington Post reports:
For the first time since the euro was launched in 1999, official figures showed Wednesday that at the end of the second quarter the total debt of the 17 countries that use the single currency was worth 90 percent of the value of the eurozone’s economy.