Eurostat: At 174.1% of the  GDP the Greek debt in the first quarter of 2014

Eurostat: At 174.1% of the  GDP the Greek debt in the first quarter of 2014

 

By Spiros Sideris – Athens

At 174.1% of the GDP reached Greece’s public debt in the first quarter of 2014, according to data released on Tuesday by Eurostat.

Compared with the fourth quarter of 2013 the Greek debt declined by 1%, while compared with the first quarter of 2013 increased by 13.5%. From the same data it is shown that from the 174.1% of the GDP, 131.3% are loans and 42.4% other titles. In absolute numbers, the Greek debt dropped to 314.8 billion from 318.7 billion in the fourth quarter of 2013.

Under the EU statistical office, the first quarter of 2014, Greece had the highest debt in the EU, followed by Italy with 135.6% and Portugal with 132.9%, while the country with lowest debt was Estonia with 10%, Bulgaria with 20.3% and Luxembourg with 22.8%.

At the same time, always the first quarter of 2014, there was an increase of debt on a quarterly basis in the eurozone from 92.7% to 93.9% and in the EU from 87.2% to 88%.