Thrice-bailed out Greece (2010-2018) continues to have the highest debt-to-GDP ratio among Eurozone member-states, although the east Mediterranean country also records the biggest decrease in the specific figure on a three-month basis – and second biggest on an annual basis.
According to data released on Monday by Eurostat, the debt-to-GDP ratio for Greece stood at 159.8% at the end of the first quarter of 2024. The countries that follow are Italy (137.7%), France (110.8%), Spain (108.9%), Belgium (108.2%) and Portugal (100.4%). The lowest ratios were posted by Bulgaria (22.6%), Estonia (23,6%) and Luxembourg (27.2%).
For the entire Eurozone, the figure stood at 88.7%, up from 88.2% at the end of the fourth quarter of 2023. In terms of the entire EU, the debt-to-GDP ratio stood at 82.0% in 1Q, up from 81.5% in 4Q.
Greece has very prominently announced an early repayment of loans totaling eight billion euros, in a bid to underscore the country’s progress in recovering from the debt crisis, as Prime Minister Kyriakos Mitsotakis said during an interview with Bloomberg last month.
The early loan repayments mark the third time that the Greek state accelerated the repayment of a bundle of loans disbursed under the first institutional bailout in 2010.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
![Τουρισμός: Πάνω από 5 εκατ. αφίξεις σε καταλύματα τον Σεπτέμβριο [γραφήματα]](https://www.ot.gr/wp-content/uploads/2021/10/katalymata-90x90.jpg)
