(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
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.
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.