ECONOMY

Greek debt reached 156.9 pct of GDP in 2012 – by far highest in EU, says Eurostat

Greece had the highest debt-to-GDP ratio in the European Union last year, according to revised Eurostat figures published on Monday.

Greece’s 2012 debt reached 156.9 percent of GDP. The next highest in the EU were Italy (127 percent), Portugal (124.1 percent) and Ireland (117 percent). Fourteen Member States had government debt ratios higher than 60 percent of GDP.

The lowest ratios of government debt to GDP were recorded in Estonia (9.8 percent), Bulgaria (18.5 percent), Luxembourg (21.7 percent) and Romania (37.9 percent).

The average debt to GDP ratio in the eurozone last year was 90.6 percent. For the 28 members of the EU, it reached 85.1 percent.