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Italy set to become euro zone's most indebted country, replacing Greece
Greece’s debt is projected to fall to about 137% of GDP, while Italy’s rises to 138.6% under new budget plans.
- Greece is poised to relinquish its position as the euro zone's most indebted country by the end of this year, with public debt forecast to fall to approximately 137% of GDP.
- Since 2020, Greek public debt has shrunk by more than 45 percent to 145% of GDP last year, while the economy grew steadily by more than 2 percent over the last three years.
- Italy projects its debt rising from 137.1% of GDP in 2025 to 138.6% in 2026, according to the Treasury's multi-year budget plan published on Thursday.
- Recovering from a decade-long financial crisis and about 280 billion euros in bailouts, Greece plans to repay some 7 billion euros from its first bailout ahead of schedule later this year.
- The new debt estimate will be included in the multi-year fiscal plan Greece must submit to the European Commission at the end of this month.
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Italy forecasts its debt will peak at 138.6% in 2026, a 1.5 percentage point increase from 137.1% of GDP in 2025; Greek debt will fall to 137%.
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The new estimate of Greece's debt ratio will be included in its new multi-annual fiscal plan, which will be submitted to the European Commission at the end of this month.
Record drop of 67 percentage points after the peak of the pandemic
Coverage Details
Total News Sources17
Leaning Left3Leaning Right3Center3Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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