Friday Jan 30, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek sovereign debt at 174.1 percent of GDP in first quarter

BRUSSELS - Eurozone public debt rose to 93.9 percent of economic output in the first quarter of this year, approaching the peak it is expected to reach later in 2014, official data showed on Tuesday.

Government debt of the 18 countries sharing the euro stood at 9.055 trillion euros ($12.21 trillion) in the first three months of this year, compared to 8.905 trillion euros in the last quarter of 2013, the EU's statistics office Eurostat said.

The EU's executive arm - the European Commission - expects the debt to peak at 96.0 percent of gross domestic product this year and then ease to 95.4 percent of GDP in 2015.

Nearly 80 percent of the bloc's debt is in bonds and treasury bills. Loans account for 17.9 percent of the debt.

Twice bailed-out Greece was the eurozone's most indebted country with sovereign debt of 174.1 percent of GDP, followed by the bloc's third-biggest economy Italy, with debt equivalent to 135.6 percent of GDP in the first quarter.

Only two countries - Germany and Luxembourg - saw their debt fall compared with the last quarter of 2014 and the first quarter of 2013. [Reuters]

ekathimerini.com , Tuesday Jul 22, 2014 (14:02)  
Why Greece went left while Europe turns to right
Greek governments signals very mixed, ECBs Jazbec says
Fitch warns of a downgrade for Greece
Govt, PCT ease Chinas worries
Monastiraki restaurant fire prompts panic, restricted before spread
Firefighters managed to bring a large blaze that broke out at a restaurant in Monastiraki, central Athens, under partial control by late morning on Friday. The fire service dispatched 21 fir...
EUs Schulz: Greece should follow EU line on Russia
Greece should not undermine EU policy on Russia at a time when it is seeking support from its partners over its economic problems, European parliament President Martin Schulz told Greek news...
Inside News
BASKETBALL
Below-par Olympiakos succumbs to Efes
The winning streak of Olympiakos in the second group stage of the Euroleague ended on Thursday in Turkey, as Anadolu Efes outclassed the Reds in the second half to win 84-70. Olympiakos had ...
SOCCER
Xanthi upsets 10-man Panathinaikos in Cup
Xanthi dumped holder Panathinaikos out of the Greek Cup on Thursday, to leave Olympiakos as the big favorite for the tournament that will enter its quarterfinal phase with the draw on Friday...
Inside Sports
INTERVIEW
SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
SYRIZA must realize that it is now the Greek government, not a party running an election campaign, European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Monastiraki restaurant fire prompts panic, restricted before spread
2. Why Greece went left while Europe turns to right
3. EUs Schulz: Greece should follow EU line on Russia
4. Greek governments signals very mixed, ECBs Jazbec says
5. Below-par Olympiakos succumbs to Efes
6. Xanthi upsets 10-man Panathinaikos in Cup
more news
Today
This Week
1. SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
2. Greek government's signals very mixed, ECB's Jazbec says
3. EU's Schulz: Greece should follow EU line on Russia
4. Why Greece went left while Europe turns to right
5. Monastiraki restaurant fire prompts panic, restricted before spread
6. Greece wants a debt break, but what about its poorer neighbors?
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. Poll shows SYRIZA leading ND by 4 pct
6. SYRIZA's win will test institutions
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.