Menu

Greece to be overtaken by Italy as eurozone’s most indebted country in 2026, sources say
📰
0

Greece to be overtaken by Italy as eurozone’s most indebted country in 2026, sources say

The Japan Times·Lefteris Papadimas·about 1 month ago
#3uN0B8Oy
Reading 0:00
15s threshold

ATHENS/ ROME – Greece ⁠will no longer be the eurozone's most indebted country by the end of this year, with its public debt set to fall below Italy's, according to sources and data from ​Italy's new budget plan. Greek debt is estimated to ‌be ‌reduced to about 137% of gross domestic ​product this year from 145% in 2025, two senior officials said. By contrast, Italy sees its debt rising ⁠from 137.1% of GDP in 2025 to 138.6% in 2026, under ⁠the Treasury's multi-year budget plan (DFP) published on Thursday. "Greece will not be the most indebted country ​in the eurozone — from ⁠this year," one of the two Greek officials said. The new estimate for ⁠Greece's debt ratio ​will be included in the country's new ​multi-year fiscal plan that will be submitted to ​the ‌European Commission at the end of this month. Italy's debt will remain virtually stable at 138.5% in 2027, before declining to 137.9% in 2028 and to ‌136.3% the following year, its budget plan showed.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More