Stories tagged with euro currency

Energy's Role in Europe's Trade Deficits

Posted by Luis de Sousa on March 1, 2007 - 9:15am in The Oil Drum: Europe
Topic: Economics/Finance
Tags: economics, energy gap, energy imports, euro currency, trade deficit [list all tags]

On February 16th, the Eurostat released its first assessment of external trade balances for 2006 (pdf), making clear that energy is imposing an important burden on the Union’s economy. They key figures:

During 2006, euro area trade recorded a deficit of 8.2 bn1 euro, compared to a surplus of 16.2 bn in 2005. The EU25 recorded a deficit of 172.6 bn in 2006, compared with -111.8 bn in 2005.

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