There will be also some early payments next months which means that the debt will continue decreasing fast and it looks like soon Italy will be above Greece in terms of debt to GDP in the EU
Greece has reduced its debt to GDP ratio by 30%,
it used to be 50% higher.
Math is weird 😉
DinBedsteVen6 on
Damn. Of all the things making me feel old lately, this one was the worst. I never thought I’d see long enough to see Greece come out the other side
Aras1238 on
inflation helped as well for that .
anarchisto on
Just in time for borrowing more for the new crisis caused by the Trump tariffs.
StevenK71 on
Yeah, easy enough: the Greek government taxes the hell out of the middle and lower classes to pays debts and the economy is in the brink of collapse. Rents skyrocketed, retail prices raised on a monthly basis, wages stuck for a decade and the government has a surplus. Great job, lmao.
Sensitive_Big1221 on
US is the opposite
dobik on
50 percentage points not 50%. If they decreased by 50% they would have half of the 210% debt to GDP ratio = 105%
Archsinner on
I guess it’s now Germanys time to do their homework
10 Comments
Source: https://www.ceicdata.com/en/indicator/greece/government-debt—of-nominal-gdp
There will be also some early payments next months which means that the debt will continue decreasing fast and it looks like soon Italy will be above Greece in terms of debt to GDP in the EU
Source: https://www.businessdaily.gr/english-edition/128686_mitsotakis-greece-will-repay-five-billion-euros-debt-early-2025?amp
Greece has reduced its debt to GDP ratio by 30%,
it used to be 50% higher.
Math is weird 😉
Damn. Of all the things making me feel old lately, this one was the worst. I never thought I’d see long enough to see Greece come out the other side
inflation helped as well for that .
Just in time for borrowing more for the new crisis caused by the Trump tariffs.
Yeah, easy enough: the Greek government taxes the hell out of the middle and lower classes to pays debts and the economy is in the brink of collapse. Rents skyrocketed, retail prices raised on a monthly basis, wages stuck for a decade and the government has a surplus. Great job, lmao.
US is the opposite
50 percentage points not 50%. If they decreased by 50% they would have half of the 210% debt to GDP ratio = 105%
I guess it’s now Germanys time to do their homework
Mitso on fire 🔥