Calamos Supports Greece
GreekReporter.comGreek NewsEconomyGreek Public Debt Reaches 169.1 percent of GDP

Greek Public Debt Reaches 169.1 percent of GDP

Greek public debtAccording to data released recently by Eurostat and the European statistics authority, the public debt in 24 countries of the European Union rose during the second semester of 2013.
According to the same source, the public debt of Greece stood at 160.5 percent of GDP during the first semester of 2013 and it rose to 169.1 percent in the second semester of the year.
Greek public debt continues to be the highest in the EU area, followed by Italy (133.3 percent), Portugal (131.3 percent) and Ireland (125.7 percent). Regarding the counties with lowest debts, Estonia comes first with 9.8 percent, followed by Bulgaria (18 percent) and Luxemburg (23.1 percent).
In total, the public dept in the eurozone amounted from 92.3 percent of GDP in the first semester of 2013, to 93.4 in the second semester. As for EU, the total debt also rose from 85.9 percent in the first semester to 86.8 of GDP in the second semester of 2013.
Overall, the latest Eurostat data showed an increase of public debt in 24 member states and a drop in four. Greece was the site where the most important increase in public debt rate took place (19.9 percent), followed by Ireland with a rise of 15.5 percent and Cyprus with 15.2 percent. On the other hand, Latvia showed the largest drop in debt (-3.8 percent), followed by Germany (-2.1 percent), Denmark and Austria (both at -0.6 percent).

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts