We will loan us from those problems! – Fiat Euro! 25/2014

Portuguese biceps. Battle of the new parliament. I would ban all those applications!

During the 6 years of „austerities“, the public debt of the Eurozone increased from less than 6 trillion euro in 2007 to almost 9 trillion euro in 2013. Given that the economy of the Eurozone progressed slower than sleigh on dirt, the debt grew in relative terms as well – from 66.2% in 2007 to 92.6% in 2013.

And since the influx of fraudulent claims of some austerity measures does not have an end, we have similar figures for public expenditure in the Eurozone. While the income of countries. Thanks to the bursting of the bubble on which they were built, returned after 2007 back to reality, spending continue to grow. Spending of Eurozone governments increased from 4.16 trillion euro in 2007 to 4.78 trillion euro in 2013. In relative GDP, the public sector grew (yes, it grew by the cuts – what a mystery) from 46% of GDP to 49.7% of GDP.

Viac o We will loan us from those problems! – Fiat Euro! 25/2014