Greece hits a sky-high record in its debt

Written by on October 21, 2013 in Europe - No comments

The highest public debt in both the Eurozone and the EU-28, touching the 156.9% of its Gross Domestic Product (GDP) as well as the second highest public deficit, was observed in Greece in 2012, according to data issued by the Eurostat on Monday.

Italy follows Greece with its debt reaching at 127% of its GDP, Portugal with 124.1% and Ireland with 117.4%.

The lowest debt was, on the contrary, observed in Estonia (9.8% of GDP), Bulgaria (18.5%), Luxembourg (21.7%) and in Romania (37.9%).

Furthermore, the lowest deficit was in both Estonia and Sweden (0.2%), in Luxembourg (0.6%) and in Bulgaria (0.8%). Finally, Germany has shown a surplus by 0.1% in 2012.

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(Photo: Bart Zwan/sxc.hu)

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