Champion in reducing the rate of public debt in the European Union it’s still Greecereducing its debt below the level of 170% of GDPaccording to latest Eurostat aggregates.

Within the first quarter of the year our country managed to improve the ratio of debt to GDP by 3 percentage pointswhile the cumulative debt reduction since the beginning of 2022 now amounts to 21.2 points.

THE unique country among the 27 member states which even comes close to Greece’s performance it is Cyprus (-18 points), while the third place is occupied by Portugal (-10.8 points).

The improvement in the image for Greece is even more impressive if it is taken into account that at the height of the pandemic, in 2020, the country’s debts had exceeded 200% of GDPas the state actively supported businesses and households to protect income, jobs and production.

Eurostat estimates that at the end of March the Greek debt corresponded to 168.3% of economic activity, with the government aiming to reduce it below 140% at the end of four years.