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Greece to be overtaken by Italy as eurozone’s most indebted country in 2026, sources say
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Greece to be overtaken by Italy as eurozone’s most indebted country in 2026, sources say

The Japan Times·Lefteris Papadimas·7 months ago
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#greece#italy#gdp#economicindicators#iranwar
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ATHENS/ ROME –

Greece ⁠will no longer be the eurozone's most indebted country by the end of this year, with its public debt set to fall below Italy's, according to sources and data from ​Italy's new budget plan.

Greek debt is estimated to ‌be ‌reduced to about 137% of gross domestic ​product this year from 145% in 2025, two senior officials said.

By contrast, Italy sees its debt rising ⁠from 137.1% of GDP in 2025 to 138.6% in 2026, under ⁠the Treasury's multi-year budget plan (DFP) published on Thursday.

"Greece will not be the most indebted country ​in the eurozone — from ⁠this year," one of the two Greek officials said.

The new estimate for ⁠Greece's debt ratio ​will be included in the country's new ​multi-year fiscal plan that will be submitted to ​the ‌European Commission at the end of this month.

Italy's debt will remain virtually stable at 138.5% in 2027, before declining to 137.9% in 2028 and to ‌136.3% the following year, its budget plan showed.

Since 2020, Greece's public debt — the highest…

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