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Eurostat: debt securities main financial instrument in EU members last year

Xinhua, June 11, 2015 Adjust font size:

In 2014, debt securities were the main financial instrument of all EU member states, according to a report released Wednesday by Eurostat, the statistical office of the European Union (EU).

Eurostat said the highest proportions of debt financed by debt securities were recorded in Malta which stood at 92 percent of total government debt. The Czech Republic and Britain were both at 89 percent. Slovenia, Slovakia, Hungary, France and Italy were all above 80 percent.

However, in Estonia, Greece and Cyprus, loans accounted for 87 percent, 77 percent and 65 percent respectively. The use of loans was also high in Portugal, Luxembourg, Latvia, Croatia, and Bulgaria.

The use of currency and deposits was generally very low.

Regarding the sector in which the government debt is held, significant differences can be observed across the EU. The share of public debt held by the non-resident sector in 2014 was highest in Finland, Latvia and Austria.

By contrast, the largest proportion of debt held by the resident financial sector was recorded in Luxembourg, Romania and the Czech Republic. Endit