Greece and Latvia suffered the most from the weakening consumer confidence across the eurozone, according to data released by Eurostat. All EU countries have reduced their overall spending during the sharp economic downturn in 2008-2011, Eurostat points out, adding, however, that there are significant differences between particular markets. While in Poland, individual consumption (AIC) per head jumped by 15 percent, in Lithuania the index slumped by 8 percent. According to the EU’s statistics, Estonia was also affected severely by the financial turmoil on global markets.
