EnglishFrance and Italy have cut their government debt in Q3 2015, as the Eurozone countries have made efforts to cut their public spending.
According to the figures published on Friday by the Statistics Bureau of the EU (Eurostat), France's debt fell to 97% of the GDP between July and September 2015, from 99.3% in the previous quarter, and that of Italy to 134.6% of the GDP, from 136%.
On the other hand, Greece's debt has increased to 171% of the GDP during the aforementioned period, from 168.9% in the second quarter period, whereas Portugal's debt has increased from 128.6% to 130.5% of the GDP during the mentioned period.
According to the norms of the European Union, countries in the Eurozone must keep their debt below 60% of their GDP.
At the Overall level of the Eurozone, government debt fell to 91.6% of the GDP in Q3. Still the current level is higher than 91.1% in Q3 2013.
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