Italy is set to become the most indebted country in the eurozone — Reuters
By the end of this year, Greece will no longer hold the title of the country with the highest public debt in the eurozone. Its debt-to-GDP ratio will gradually fall below that of Italy. As a result, Italy will take the top spot in terms of debt.
This was reported to Reuters.
According to two senior officials, Greece’s public debt is expected to fall to approximately 137% of gross domestic product this year from 145% in 2025.
In contrast, according to the Italian Ministry of Finance’s multi-year budget plan published on Thursday, Italy’s public debt will rise from 137.1% of GDP in 2025 to 138.6% in 2026.
"Greece will no longer be the most indebted country in the eurozone starting this year," one of the two Greek officials told the agency.
The new estimate of Greece’s debt-to-GDP ratio will be included in the country’s new multi-year financial plan, which will be submitted to the European Commission later this month.
Italy’s debt will remain virtually stable at 138.5% in 2027, then fall to 137.9% in 2028 and to 136.3% the following year, according to its budget plan.
Since 2020, Greece’s public debt—the highest in the eurozone over the past two decades—has fallen by more than 45 percentage points to 145% of gross domestic product last year. Italy has reduced its debt by approximately 17 percentage points over the same period.
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