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Euro zone cut fiscal deficit in 2011, debt up

A woman walks her dog in Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of reforms, but its debt jumped to 108.1 percent from 93.5 percent. REUTERS/Rafael Marchante

A woman walks her dog in Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of...more

A woman walks her dog in Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of reforms, but its debt jumped to 108.1 percent from 93.5 percent. REUTERS/Rafael Marchante
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Women speak as they wait for a tram in Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of reforms, but its debt jumped to 108.1 percent from 93.5 percent. REUTERS/Rafael Marchante

Women speak as they wait for a tram in Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a...more

Women speak as they wait for a tram in Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of reforms, but its debt jumped to 108.1 percent from 93.5 percent. REUTERS/Rafael Marchante
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A man begs on a street in downtown Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of reforms, but its debt jumped to 108.1 percent from 93.5 percent. REUTERS/Rafael Marchante

A man begs on a street in downtown Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a...more

A man begs on a street in downtown Lisbon October 22, 2012. Portugal, already on a euro zone financial lifeline after being cut off from market borrowing, more than halved its budget deficit last year to 4.4 percent of GDP from 9.8 percent as a result of reforms, but its debt jumped to 108.1 percent from 93.5 percent. REUTERS/Rafael Marchante
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