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Pandemic exacerbates Greece’s demographic crisis

The pandemic exacerbated Greece’s demographic crisis even further, with deaths now outnumbering births, and with an undetermined, but by all accounts very high number of young adults having emigrated over the past 10 years of an economic depression in the country.

  • Published in Greece

Greek debt sustainable despite pandemic, says Fitch

Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday. Greece’s general government debt to GDP rose to 207% of GDP at end-2020 from 181% in 2019 as a result of the severe shock to the country’s public finances caused by the pandemic. We expect the debt ratio to remain at this level this year before declining to 193% by 2022, the credit rating agency said.

  • Published in Greece
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