EU-27 current account records first surplus since 2002
The EU27 external current account recorded a surplus of €13.1 billion in the fourth quarter of 2011, compared with a deficit of €14.5 billion in the fourth quarter of 2010. This is the first current account surplus recorded for the EU27 since the third quarter of 2002, Eurostat said in its Wednesday’s data release. In the fourth quarter of 2011, compared with the fourth quarter of 2010, there was a fall in…