Sunday December 21, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek debt at 160.5% of GDP in 2013 Q1 after biggest y-o-y rise in EU

Greece’s public debt stood at 305.3 billion euros, or 160.5 percent of GDP, in the first quarter of this year after posting the highest rise in the European Union over the preceding 12 months, according to figures released by Eurostat on Monday.

This represented a slight rise from the fourth quarter of 2012, when the general government debt was at 303.9 billion euros, or 156.9 percent of GDP.

In the first quarter of last year, the amount reached 280.4 billion euros, or 136.5 percent of GDP, meaning Greece’s debt grew 24.1 percentage points over a year. This was the largest rise in the EU, which saw the debt of 24 out of 27 member states increased over the 12-month period.

As a proportion of national output, Greece’s debt remains the highest in the Unio . It is followed by Italy, which saw its debt reach 2.03 trillion euros, or 130.3 percent of GDP.

Portugal (127.2 percent) and Ireland (125.1 percent) follow Italy. Estonia has the least debt as it reaches just 10 percent of its economic output.

At the end of the first quarter of 2013, the government debt to GDP ratio in the euro area stood at 92.2 percent, compared with 90.6 percent at the end of the fourth quarter of 2012. In the EU, the ratio increased from 85.2 percent to 85.9 percent.

Compared with the first quarter of 2012, the government debt to GDP ratio rose in both the euro area - from 88.2 percent to 92.2 percent - and the EU, from 83.3 percent to 85.9 percent.

ekathimerini.com , Monday Jul 22, 2013 (12:30)  
Workers rush to get early retirement
Piraeus Containter Terminal goes from strength to strength
Moscovici: Creditor inspections to become less frequent and ‘lighter’
Property capital gains tax halt
Environment Ministry to reconsider controversial bill
The government over the weekend appeared to backpedal on proposed amendments widely seen as compromising legislation protecting Greek forests as well as Plaka, Athens’s old quarter. The bill...
Corfu to host country’s first hydroplane strip
Merchant Marine Minister Miltiades Varvitsiotis and Deputy Infrastructure and Transport Minister Michalis Papadopoulos have signed a decision paving the way for the country’s first hydroplan...
Inside News
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
COMMENTARY
The big picture
In his second term, US President Barack Obama is taking steps to enshrine his legacy and solidify America’s standing in the 21st century. His recent decision to normalize relations between t...
EDITORIAL
Get your facts straight
The danger that political discourse in Greece will sink to the basest levels of vulgarity is already more than apparent from the allegations we have heard bandied about over recent days. The...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Environment Ministry to reconsider controversial bill
2. Corfu to host country’s first hydroplane strip
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Police gets new communications system
5. Most Greeks say they recycle daily
6. Probe into revenues of 2 mln euros in Halkidiki municipality
more news
Today
This Week
1. The big picture
2. Get your facts straight
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Environment Ministry to reconsider controversial bill
5. Changes on E9 property declarations possible until end-year
6. Police gets new communications system
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Gap between SYRIZA and New Democracy closing, says poll
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.