Ireland eclipses Greece in budget-deficit league

Ireland recorded the largest budget deficit in the EU last year, eclipsing even Greece.

Ireland eclipses Greece in budget-deficit league

Ireland recorded the largest budget deficit in the EU last year, eclipsing even Greece.

The Government's debt ratio had shown as 11.8% of GDP, but has now risen to 14.3% for 2009, with the reclassification of the €4bn pumped into Anglo Irish bank as capital spending, to blame.

The same result is expected this year, because of the additional €8.3bn given to Anglo.

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