Handelsblatt: Greece and Italy are the “problematic children” of the Eurozone

24 April 2019
181 Views

Greece and Italy have shown that they are the “two problematic children” in the Eurozone, as they are the only countries where the national debt has risen, notes the famous German newspaper Handelsblatt.

Greece’s debt to GDP ratio expanded to 181.1% in 2018, from 176.2% in 2017, according to Eurostat, which is the worst performance in the eurozone, as the German newspaper underlines.

“This increase in public debt is mainly due to new loans by Greece’s European partners’ loans to the crisis-stricken country. Lately, however, the Greek economy has returned to growth, and the government in Athens intends to prematurely repay loans worth billion dollars from the International Monetary Fund.”

You may be interested

Three bodies recoverd at helicpter crash site (photos)
GREECE
shares14 views
GREECE
shares14 views

Three bodies recoverd at helicpter crash site (photos)

makis - Aug 20, 2019

Rescue teams have recovered the third body from the helicopter crash site. According to the Greek coast guard, all three…

The 5 most beautiful places to walk in Athens
GREECE
shares773 views
GREECE
shares773 views

The 5 most beautiful places to walk in Athens

Panos - Aug 20, 2019

Sometimes, our daily routine prevents us from understanding and admiring the beauty that surrounds us. Stressful jobs, work or family…

Greece scraps legal need for lay-off justification
GREECE
shares23 views
GREECE
shares23 views

Greece scraps legal need for lay-off justification

Panos - Aug 20, 2019

Greece's new center-right government has scrapped legislation that required employers to provide a "well-founded" reason for dismissals. Labor Minister Giannis…

Leave a Comment

Your email address will not be published.