Greek Debt at 156.9% of GDP
- Written by E.Tsiliopoulos
Greece is showing the highest debt in the EU of the 28 with debt reaching 156.9% of GDP, in 2012, according to Eurostat.
Greece is followed by Italy whose debt reached 127% of GDP, and Portugal 124.1%.
Greece also appears to have the worst results in terms of the public deficits, which in 2012 reaches 9% including money spent to shore up banks.
Spain, however, appears worst off with 10.6%, while after Greece, Portugal comes in third with 8.2%.
According to Eurostat Euro area and EU28 government deficit at 3.7% and 3.9% of GDP respectively, while government debt was at 90.6% and 85.1% of GDP.
See the whole document (Provision of deficit and debt data for 2012 - second notification) here:
http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-21102013-AP/EN/2-21102013-AP-EN.PDF
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