Eurozone government debt falls slightly in Q2Staff Writer | October 24, 2017
The euro area government debt to gross domestic product decreased slightly in the second quarter, Eurostat reported.
Europe The government debt to GDP ratio fell
Compared with the second quarter of 2016, the government debt to GDP ratio fell in the euro area to 89.1% from 90.8%.
At the end of the second quarter of 2017, debt securities accounted for 80.3% of euro area general government debt. Loans made up 16.6% and currency and deposits represented 3.1% of euro area government debt.
The highest ratios of government debt to GDP were reported in Greece, at 175%, followed by Italy and Portugal. The lowest ratios were seen in Estonia, Luxembourg and Bulgaria. ■