Eurostat: Greek debt reaches 181,1% of GDP in 2018

25 April 2019
207 Views

According to data released Tuesday by Eurostat, Greece’s public debt rose in 2018 to 334.57 billion euros from 317.48 billion a year ago. At the same time, the debt to GDP ratio stood at 181.1% from 176.2% in 2017.

The gloomy stats came despite the country posting a growth of 1.9% and 2-billion-euro surplus in the implementation of the budget.

The rise is mainly linked to the liquidity buoy created for the country to exit the ESM’s financial support program.

Greece’s public debt is the highest in Europe, with Italy following with 132.2% of its GDP.

According to Eurostat, the surplus of the Greek government last year amounted to 1,991 billion euros.

ELSTAT figures reported to the European Agency indicate that the primary surplus amounted to 4,4% of GDP or 8,149 billion euros (the target for the primary surplus based on the Greek program was 3,5%).

You may be interested

Mexican drug Lord El Chapo sentenced to life in prison
WORLD
shares9 views
WORLD
shares9 views

Mexican drug Lord El Chapo sentenced to life in prison

Panos - Jul 18, 2019

Joaquin “El Chapo” Guzman, who became notorious for his prison breaks, was found guilty by a federal court in Brooklyn…

Ursula von der Leyen Confirmed as First Female President of the European Commission
GREECE
shares10 views
GREECE
shares10 views

Ursula von der Leyen Confirmed as First Female President of the European Commission

Panos - Jul 18, 2019

Members of the European Parliament narrowly backed Ursula von der Leyen as the next President of the European Commission on…

Greek man admits to murder of US biologist in Crete
GREECE
shares8 views
GREECE
shares8 views

Greek man admits to murder of US biologist in Crete

Panos - Jul 18, 2019

A 27-year-old man has admitted to killing developmental biologist Suzanne Eaton, who was found dead in Crete last week. Greek…

Leave a Comment

Your email address will not be published.