UK deficit largest in Europe

http://www.thisismoney.co.uk/news/article.html?in_article_id=503927&in_page_id=2#ixzz0nB24NoHW EU economists have predicted that the UK's budget deficit will remain larger than that of any other European nation this year.

Forecasts from the European Commission (EC) today predict that UK net borrowing will be 12% of output in 2010 - a higher proportion than any other country in the 27-member block, including Greece at 9.3%.

While Greece's deficit is not the highest in the EU, concerns about the government's ability to pay it back are higher because of its high debt levels and weak economy.

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