Greek public debt at 176.3 pct of GDP in Q1
- Written by E.Tsiliopoulos
Greece's public debt was 176.3 pct of GDP in the first quarter of 2016, down 0.6 pct from the fourth quarter of 2015, but up 5.8 pct from the same period last year, Eurostat said in a report released here on Friday.
The EU statistics' service said that 137.9 pct of debt was in loans while another 35.1 pct other securities. The Greek debt eased to 309.2 billion euros in the first three months of 2016 from 311.4 billion in the fourth quarter of 2015.
Eurostat said that Greece had the highest public debt in the EU, followed by Italy (135.4 pct) and Portugal (128.9 pct), while Estonia (9.6 pct), Luxembourg (21.8 pct) and Bulgaria (30.3 pct) recorded the lowest public debts. On a quarterly basis, in the EU, the public debt fell to 84.8 pct of GDP from 85.3 pct, while in the Eurozone it rose to 91.7 pct from 90.7 pct.
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