Eurozone deficit down to lowest level since 2008

London • Following years of budget restraint, particularly in Greece, government deficits across the 19-country eurozone has fallen to its lowest level since before the most acute phase of the global financial crisis, official figures showed Tuesday. According to statistics agency Eurostat, the eurozone’s deficit, which represents the difference between revenue and expenditure, was equivalent to 1.4 percent of the region’s annual gross domestic product in the fourth quarter of 2016, down from 1....

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