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Eurozone gov't debt falls in second quarter

Xinhua, October 25, 2016 Adjust font size:

The government debt to gross domestic product (GDP) ratio in 19-country eurozone fell at the end of the second quarter, official data showed Monday.

The reading stood at 91.2 percent, slightly down from the 91.3 percent at the end of the first three months of 2016, said Eurostat, the statistic agency of the European Union (EU).

In the wider EU, the ratio decreased from 84.5 percent to 84.3 percent, said the agency.

There are great disparities among members as debt-torn Greece saw the highest ratio of 179.2 percent from April to June while Estonia recorded lowest reading of 9.7 percent.

Italy, whose banks suffered from the debt crisis, reported a high ratio of 135.5 percent, said Eurostat. Endit