Go Finance Reporting - European Central Bank revealed when Eurozone balance of payments recorded a worst-case or declined to a deficit of 9.8 billion euros, or equal to 17 billion Singapore dollars.
Balance of payments include financing for exports and imports in trade in goods and services, is an indicator of the economies in the euro zone to pay to the world.
Reporting from the Straits Times, Tuesday (21/12/2010), this condition is very crucial in the long run to grow the confidence of investors and partners in trade. In September, according to revised data from the ECB, Eurozone recorded a deficit of 9.7 billion euros. These data indicate a lack of competition from the 16 countries in the euro zone as a whole.
For your information, Eurozone has recorded a deficit during the past year, disrupted a surplus of 1.6 billion euros in January. At any rate, the rate in September was recorded a deficit of 13.1 billion euros. (GoFinance)
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