Menu
Share
Share this story
Close X
 
Switch to Desktop Site

The eurozone crisis explained in 5 simple graphs

Next Previous

2 of 6

 
About these ads
2 of 6

Deficit spending as a percentage of GDP

Deficit spending occurs when a country spends more than it generates in revenue. The maximum deficit spending allowed by the EU is 3 percent of GDP. As shown here, countries sometimes approached zero, or even spent less than they took in, but none of them are breaking even in 2011. Deficit spending has declined with the implementation of strict austerity programs across the EU. 

Next Previous

2 of 6

 

Share