November 16th, 2010
09:55 AM GMT
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(CNN) – As Eurozone ministers meet to discuss the debt problems of Ireland and Portugal and whether those nations need will need a bailout to shore up their finances.

If they do, they will be following in the footsteps of Greece, which was thrown a $146 billion (110 billion euro) lifeline earlier this year. But that came with conditions.

Greece is expected to bring its budget deficit down to the EU limit of 3 percent of GDP by 2014. But Greece is far from the only euro country with big deficits and high debt. Far from it.

A new report by the European Commission’s statistical bureau, Eurostat, showed Greece had the largest government deficit as a percent of GDP: 15.4 percent of GDP.

Where do the rest stack up? Here’s the rest of the top 10 European nations with the worst deficits in 2009:

* Ireland –14.4 percent

* UK – 11.4 percent

* Spain – 11.1 percent

* Latvia – 10.2 percent

* Portugal – 9.3 percent

* Lithuania – 9.2 percent

* Romania – 8.6 percent

* Slovakia – 7.9 percent

* France – 7.5 percent



June 29th, 2010
12:44 AM GMT
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New figures show Japan's job market has taken a hit.

The unemployment rate in the world's second largest economy rose to 5.2 percent in May – up from 5.1 percent in April. That may be hurting confidence among Japanese consumers, as household spending fell 0.7 percent.

Goods rolled out of Japan's factories at a slower pace in May. Industrial production fell a tenth of a percent in May compared to April.



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