Tuesday October 21, 2014 Search
Weather | Athens
24o C
16o 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)  
At loggerheads over role of the IMF
Hong Kong telecom group buys out Greek start-up
Local tourism could see more arrivals, investments next year
Troika exerts pressure using return date
Wage dispute hurts gov’t unity before troika return
Changes to the public sector wage structure are at the heart of a dispute within the coalition that has raised concerns about whether the government will be in a position to negotiate effect...
Most Britons want to see Parthenon Marbles back in Athens, poll shows
The majority of Britons think that their country should return the Parthenon Marbles to Greece, a new poll has found. According to the survey, which was conducted by the YouGov international...
Inside News
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
Stop moaning and get in the game
There are so many people who love spending their days talking about the crisis and proclaiming that they know exactly what needs to be done to solve the country’s problems. Some of them obvi...
EDITORIAL
Exorcising the ghosts
Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greece’s stock and bond markets was a strong shock. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PAOK fans stop coach Markopoulos´s move to Olympiakos
2. At loggerheads over role of the IMF
3. Hong Kong telecom group buys out Greek start-up
4. Local tourism could see more arrivals, investments next year
5. Troika exerts pressure using return date
6. Wage dispute hurts gov’t unity before troika return
more news
Today
This Week
1. Greece must stick to reforms, says Schaeuble
2. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
3. Turkish vessel enters Cypriot Exclusive Economic Zone
4. European leaders pivot back to debt crisis after wake-up call
5. Hardouvelis does not see 'big surprises' in ECB stress tests
6. Stop moaning and get in the game
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Greece nearing bailout exit, says gov't spokesperson after IMF talks
4. Istanbul skyscraper casts shadow over Greece's banking ambitions
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.