European Union

Eurozone Government Debt Down For First Time Since 2007

As a percentage of GDP


The gross debt of Eurozone governments narrowed in the third quarter, marking the first decline in nearly six years, in a further sign that the region's long-drawn debt crisis is easing, data released by Eurostat revealed Wednesday.

Total government debt in the 17-country bloc dropped to 92.7 percent of gross domestic product (GDP) at the end of the September quarter from 93.4 percent in the second quarter. It was the first decline since the fourth quarter of 2007.