Greek public debt rose to 179.2 pct of GDP in the second quarter of 2016

Greek public debt rose to 179.2 pct of GDP in the second quarter of 2016, from 176.1 pct in the first quarter, Eurostat said on Monday.

The EU executive’s statistics arm, in a report released here, said that the public debt in the Eurozone eased to 91.2 pct of average GDP in the second quarter, from 92.1 pct in the first quarter, while in the EU-28 the public debt fell to 84.3 pct of GDP from 87.5 pct over the same periods, respectively.

Greece (179.2 pct) recorded the highest public debt rate in the EU, followed by Italy (135.5 pct) and Portugal (131.7 pct), while Estonia (9.7 pct), Luxembourg (22 pct) and Bulgaria (29.4 pct) recorded the lowest rates.

The public debt grew in 13 EU member-states in the second quarter compared with the first quarter of 2016 and fell in 15 member-states. Greece (3.1 percentage points), Portugal (2.8 percentage points) and Latvia (2.6 percentage points) recorded the biggest increase in public debt rates.