Five Countries Will Breach the EU Deficit Rule This Year: Chartby
The European Union’s 28 member nations are required by law to keep their budget deficits to within 3 percent of GDP. Five countries will exceed this level in 2016, according to the latest Bloomberg economic surveys: the U.K., France, Spain, Greece, and Croatia. An additional three countries -- Finland, Poland, and Romania -- will post deficits at the threshold. This is an improvement from 2009 and 2010, when no fewer than 22 EU countries overstepped the deficit limit.