Estonia shines in latest Eurostat report on country debt
Rahvusvahelised uudised 23 Oct 2012  EWR
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Jonathan Boyd, Investment Europe
Estonia's gross debt/GDP ratio of 6.1% is the lowest of all European countries covered by the latest publication of official Eurostat figures - but the stricken economies of Portugal, Ireland, Italy and Greece are still still well off the eurozone and EU 27 averages.

According to the figures - tabled below - Greece's debt burden amounts to over 170% of its GDP. And considering the official Eurostat report that the country's deficit hit 9.4% in the past year, then the figures again reinforce the view that there is very little room to spare for adjustments to the country's path to austerity.

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