Greek public debt grows, qoq, in Q2 2016

Monday, 24 October 2016 17:40
UPD:17:44
EPA/JENS BUETTNER

Greece (179.2 percent) posted the highest public debt rate in the EU, followed by Italy (135.5 percent) and Portugal (131.7 percent), while Estonia (9.7 percent), Luxembourg (22 pct) and Bulgaria (29.4 percent) recorded the lowest rates.

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Greece's public debt rose to 179.2 percent of GDP in Q2 2016, up from 176.1 percent in the first quarter, Eurostat announced on Monday.

The EU executive's statistics bureau said public debt in the Eurozone eased to 91.2 percent of average GDP in the second quarter, down from 92.1 percent in the first quarter, while in the EU-28 the public debt fell to 84.3 percent of GDP from 87.5 pct over the same periods, respectively.

Greece (179.2 percent) posted the highest public debt rate in the EU, followed by Italy (135.5 percent) and Portugal (131.7 percent), while Estonia (9.7 percent), Luxembourg (22 pct) and Bulgaria (29.4 percent) recorded the lowest rates.

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