PIIGS economies compared
Portugal, Ireland, Italy Greece and Spain occupy the Euro doghouse.
Business Agenda in the Irish Times summarised the big figures on Friday 30th April:
Gross Debt as % of GDP
Greece 123.2%
Ireland 76.9%
Spain 63.9%
Portugal 84%
The old economic and monetary union target is 60%
Cost of insuring government debt per €10,000
Greece €750
Ireland €218
Spain €189
Portugal €320
Interest on debt as % of GDP
Greece 5.5%
Ireland 2.8%
Spain 2.2%
Portugal 3.2%
Balance of Payments as % of GDP
Greece 9.7%
Ireland +0.4%
Spain -5.3%
Portugal -9%
Structural Budget Deficit
Greece -8.9%
Ireland -7.9%
Spain -7.3%
Portugal -7.1%
Average Potential Growth Rate
Greece 2.6%
Ireland 3.1%
Spain 2.4%
Portugal 2.0%