Receive Breaking News updates as they occur
Eurozone public finances improved in 2013 as the economy finally turned the corner on a record recession but total debt levels remained dangerously high, official data showed on Wednesday. The overall figures are broadly in line with signs that the causes and impact of the eurozone debt crisis, which at one point threatened to destroy the euro, are fading. Total accumulated debt, however, increased to 92.6 percent of gross domestic product, up from 90.7 percent, rising even further above the European Union 60-percent limit. The continued increase in debt levels reflects the high cost of the economic slump and debt crisis as governments borrowed heavily in an effort to stabilise their economies.
LONDON (AP) — The West should set aside its differences with Russia and China to focus on the growing threat from radical Islam, Tony Blair said Wednesday, in a speech that included a call to support Egypt's military government against its Muslim Brotherhood opponents.