A decrease in public debt as a percentage of GDP both at the Eurozone level and at the level of the European Union was recorded in the third quarter of last year, with our country recording the highest debt as a percentage of GDP, but at the same time the largest decrease.
According to the data announced by Eurostat, at the end of the third quarter of 2022, the ratio of gross general government debt to GDP in the euro area was 93.0%, compared to 94.2% at the end of the second quarter of 2022 .
In the EU, the index also fell from 86.4% to 85.1%.
State debt decreased in the 3rd quarter of 2022
Compared to the third quarter of 2021, the government debt-to-GDP ratio also fell in the euro area (from 97.3% to 93.0%) and the EU (from 89.7% to 85.1% ).
At the end of the third quarter of 2022, the securities represented 82.5% of the euro area and 81.9% of the E.U. of general government debt. Loans amounted to 14.4% and 15.0% respectively.
Public debt at the end of the third quarter of 2022 by Member State
The highest ratios of public debt to GDP at the end of the third quarter of 2022 were recorded in Greece (178.2%), Italy (147.3%), Portugal (120.1%), Spain (115.6%), France (113.4%) and Belgium (106.3%), and lowest in Estonia (15.8%), Bulgaria (23.1%) and Luxembourg (24.6%)
Compared to the second quarter of 2022, four Member States recorded an increase in their debt to GDP at the end of the third quarter of 2022 and twenty-three a decrease.
Increases in the ratio were observed in Bulgaria (+1.9 percentage points – p.p.), the Czech Republic (+1.7 p.p.), France (+0.3 p.p.) and Sweden (+ 0.2 p.p.), while the largest decreases were recorded in Greece (-5.3 p.p.), Cyprus (-3.8 p.p.), Portugal (-3.3 p.p .), in Italy (-3.0 p.p.) and Croatia (-2.8 p.p.)
Compared to the third quarter of 2021, one Member State recorded an increase in its debt-to-GDP ratio at the end of the third quarter of 2022 and twenty-six Member States a decrease. The increase in the ratio was recorded in the Czech Republic (+4.7 p.p.), while the largest decreases were observed in Greece (-24.7 p.p.), Cyprus (-15.0 p.p.), Croatia (-11.1 p.p.), Portugal (-9.0 p.p.), Denmark (-8.8 p.p.), Ireland (-8.4 p.p.), Lithuania (-7.3 p.p.) and Slovenia (-7.2 p.p.).
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
