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Support for financial institutions increases government deficits in 2012 - Issue number 10/2013

Support for financial institutions increases government deficits in 2012 - Issue number 10/2013

Upward impact of 0.4pp GDP in the EU and 0.6pp in the euro area

In 2012 public interventions to support financial institutions, notably in the form of bank recapitalisations, increased government deficits in a majority of Member States that reported such interventions. The increase was particularly large in Greece (4.0 percentage points of GDP) and Spain (3.6pp GDP).

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Release date: 22/04/2013
 

Additional information

Product Code: KS-SF-13-010
Theme: Economy and finance
Collection: Statistics in Focus