Support for financial institutions increases government deficits in 2012

Author (Corporate)
Series Title
Series Details No.10, 2013 (22.4.13)
Publication Date 22/04/2013
ISSN 1977-0316
EC KS-SF-13-010-EN-N
Content Type

In 2012, public interventions to support financial institutions, notably in the form of bank recapitalisations, increased government deficits in a majority of Member States that reported such interventions. The increase was particularly large in Greece (4.0 percentage points of GDP) and Spain (3.6 percentage points of GDP).

Source Link http://ec.europa.eu/eurostat/documents/3433488/5585840/KS-SF-13-010-EN.PDF
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