Eurostat is out with the Q2 2013 government budget balance figures.
- EU 28 states is -3.9%, unchanged from Q1
- EZ -3.7% from 3.8%
- Greece -16.6% from -11.0% in Q1
- Spain 11.0% from -11.1%
- Ireland -7.6% from -8.2%
- Portugal -6.1% from -7.0%
- Italy -2.8% vs -3.0%
- UK -6.0% from -5.2%
Naughty step for the UK but the bailed out countries are making inroads into their deficit numbers, except for Greece. That’s ok though as we keep getting told how well they are doing