Greece Set to Shed 'Most Indebted' Title in Euro Zone
Greece is expected to lose its status as the euro zone's most indebted country by the end of 2023, with debt falling below Italy's. Greece's public debt is projected to drop to 137% of GDP, while Italy’s debt is anticipated to climb, according to officials and budget data.
According to recent sources and budget data from Italy, Greece will no longer hold the title of the euro zone's most indebted nation by the end of 2023, with public debt expected to fall below Italy's.
Senior officials revealed that Greece's debt is projected to decrease to 137% of GDP this year, down from 145% in 2025. In comparison, Italy's debt is expected to rise, reaching 138.6% by 2026, as estimated in the recent budget plan published by Italy's Treasury.
Greece's debt reduction is notable as the nation recovers from a financial crisis spanning a decade and prepares to repay loans ahead of schedule, marking a significant shift in its fiscal trajectory.
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