EU in slow progress on deficit cuts

According to BBC News and other media sources, figures from the European Commission for 2013 showed that EU governments were gradually making progress with their financial problems.

Eurostat: News Release No.64, 2014: Euro area and EU28 government deficit at 3.0% and 3.3% of GDP respectively http://ec.europa.eu/eurostat/en/web/products-press-releases/-/2-23042014-AP

Deutsche Welle, 23.04.14: EU governments cut deficits, Greece more than expected http://dw.de/p/1BmZQ

The Guardian, 23.04.14: UK deficit falls to lowest level since start of financial crisis http://www.theguardian.com/business/2014/apr/23/uk-deficit-lowest-financial-crisis-osborne-budget

The New York Times, 23.04.14: Recovery in Euro Zone Gathers Pace http://www.nytimes.com/2014/04/24/business/international/recovery-in-euro-zone-gathers-pace.html

The New York Times, 23.04.14: Euro Zone Deficit Hits Target for First Time Since 2008 http://www.nytimes.com/2014/04/24/business/international/euro-zone-deficit-hits-target-for-first-time-since-2008.html

ESO: Background information: Budget surplus earns Greece debt relief from EU http://www.europeansources.info/record/budget-surplus-earns-greece-debt-relief-from-eu/

ESO: Background information: IMF: Portugal bailout to end in May / Portugal celebrates successful return to bond market http://www.europeansources.info/record/imf-portugal-bailout-to-end-in-may-portugal-celebrates-successful-return-to-bond-market/

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