ECONOMY

Greek public debt rises in second quarter of 2013

Greece’s public debt reached 169.1 percent of the country’s GDP in the second quarter of 2013, compared to 160.5 percent in the year’s first quarter, according to figures released by Eurostat on Wednesday.

The report pointed to Greece showing the European Union’s highest debt to GDP, followed by Italy (133.3 percent), Portugal (131.3 percent) and Ireland (125.7 percent). The lowest figures were recorded in Estonia (9.8 percent), Bulgaria (18 percent) and Luxembourg (23.1 percent).

The agency noted that at the end of the second quarter of 2013 the government debt to GDP ratio in the eurozone stood at 93.4 percent compared to 92.3 percent at the end of the first quarter.