Βy N. Bellos
Greece’s foreign debt reached 179.2 percent of GDP in the second quarter of 2016, or 315.29 billion euros in absolute terms, by far the worst performance amongst the 28 EU member-states.
According to figures released on Monday by Eurostat, the debt load increased in the second quarter by 6.2 billion euros, qoq, or 3.1 percentage points in comparison to GDP.
Over the 12-month period between quarters, the foreign debt increased by 9.7 percentage points, or 14 billion euros in absolute terms.
By comparison, another previous bailout casualty, the island Republic of Cyprus, emerged from its memorandum with a debt of 109 percent of GDP, slightly less than the 109.3 percent recorded in the first quarter of 2016.
