Greek Q1 debt-to-GDP ratio at 132.4 percent

Despite a writedown of privately-held Greek debt of unprecedented proportions in March, Greece’s debt still amounted to 132.4 percent of GDP at the end of that month — the highest of any nation in the eurozone — the European Union’s official statistical agency reported on Monday.

For the 17 nations of the eurozone, the ratio of government debt to gross domestic product in the first quarter of the year rose to 88.2 percent at the end of March, from 87.3 percent at the end of December 2011, Eurostat said.